Mubasher: Jiyad Holding Co, formerly known as Zima Holding, has purchased a 99% stake of Al Madina for selling and buying bonds and stocks.
This purchase deal is worth KWD 7.2 million, according to a bourse statement issued on Tuesday.
The purchased equity rights are worth nearly KWD 7.3 million as registered on the purchase day.
The financial impact from this deal will be realised in Jiyad’s financial statements of fiscal year ending on 31 December 2017.
At the stock level, Jiyad closed Tuesday’s session 1.5% higher at 59.9 fils after 2.8 million shares were traded.
