Kuwait – Mubasher: Bourse Kuwait announced the completion of selling 11.13% of Kuwait and Gulf Link Transport’s (KGL) shares which total 29.41 million at 47.5 fils each.
KGL has sold the shares to Al Awaed National Group for General Trading and Contracting for a total value of KWD 1.4 million, the Kuwaiti bourse said in a filing issued on Tuesday.
KGL’s capital amounts to KWD 26.42 million distributed on 264.27 million shares, with a par value of 100 fils each.
On the stock level, KGL gained 1.92% to end Tuesday’s trading session at 53 fils, after 4.15 million shares were exchanged at a value of about KWD 224,840.
