Mubasher: Boursa Kuwait announced on Thursday that the procedures required for acquiring the shares of Kuwait’s Amwal International Investment by the UAE Shuaa Capital.
Completing the takeover procedures followed the Capital Markets Authority’s (CMA) approval for Shuaa to acquire 128.026 million of Amwal’s shares.
Shuaa has acquired 70.908% of Amwal’s capital at a value of KWD 8.322 million ($27.5 million) or KWD 0.065 per share, according to a bourse filing on Thursday.
