Danah to exit Al Safat Energy

Kuwait-Mubasher: Danah Al Safat Foodstuff’s board has decided to sell its entire stake in Al Safat Energy Holding, according to a bourse disclosure.

Danah’s stake in Al Safat stands at 11.234%, the company said, adding that the financial impact cannot be determined in the current time.

Al Safat stock is considered the cheapest among other shares in the market, after it settled at 9 fils on Sunday.

Danah ended Sunday’s trading session at 73 fils, down by 1.35%.

 

Mubasher Contribution Time: 06-Mar-2016 11:43 (GMT)