Kuwait – Mubasher: Al Imtiaz Investment Group on Tuesday denied signing any contracts to sell part of its 10% stake in Human Soft Holding.
This came as a response to what Al Jarida Newspaper published about Citibank London and Hermes Dubai succeeding in marketing and selling 10% of Human Soft’s capital for KWD 36.6 million.
Earlier on Tuesday, the newspaper reported, citing sources as saying, that 12.223 million shares were sold for 3 fils per share, with net profit reaching KWD 30 million.
Al Imtiaz asserted in a bourse statement Tuesday that it did not sign any contracts concerning that matter, as opposed to what had been said.
On 20 March, the investment group announced assigning Citigroup Global Markets and EFG Hermes UAE as consultants for the sale of 10% of Human Soft’s capital to potential investors outside Kuwait.
Al Imtiaz’s share was up 2.27% to 180 fils by 09:25am Kuwait time.
