Kuwait – Mubasher: Boursa Kuwait has completed the procedures for selling 6.83 million shares of National Petroleum Services (Napesco) to Qurain Petrochemical Industries at 800 fils per share.
Napesco’s shares deal has a value of KWD 5.47 million, according to a bourse statement issued on Tuesday.
The sellers in this deal are the portfolios’ clients of KAMCO Investment, the statement said.
Qurain’s stake in Napesco stands at 38.7%; thus, after the sale deal, Qurain will own 50.6% stake in Napesco.
