Kuwait-Mubasher: Tamdeen Investment said Thursday that its equities in a number of investments have built up after the firm assumed the entire assets and liabilities of Tamdeen Holding through a recent merger..
Tamdeen Investment’s stake in Ahli United Bank, the biggest lender in Bahrain, increased by 1.36% to 8.31%, while its stake in Tamdeen Emtiazat Holding grew 20% to become 100%.
Also, the company saw its equities in British Industries for Printing and Packaging rising by 47.5% to 57.81% and in Al Tamdeen Resorts by 3.16% to 26.37%.
Tamdeen Investment’s shares in Tamdeen Real Estate Development grew higher to 26.37%, a rise of 1.82%.
Moreover, the Kuwaiti company became a 20% shareholder in BW British for Printing.
The financial impact from those investments will be registered in the consolidated financials for the period ended 31 December, 2015.
