Kuwait – Mubasher: National Investments Co has submitted an official request on behalf of its clients to execute a deal for purchasing and selling 5% of Americana’s shares.
The company said that Adeptio is the buyer while Americana’s subsidiary Al Khair National for Stocks and Real Estate Company is the seller, according to a bourse statement issued Thursday.
National Investments said the deal volume stands at 268.496 million shares of Americana’s, with a value estimated at KWD 2.650 per share.
Al-Seef Financial Brokerage Company will execute the deal with an estimated commission of KWD 1.4 million.
The financial impact and the yield from this deal cannot be determined for the company since it’s the mother company, National Investments said, adding that the financial impact will reflect on the company’s position on 31 December, 2016.
