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CMA approves Qurain’s acquisition of Napesco

CMA approves Qurain’s acquisition of Napesco
Photo credit: Arabianeye - Reuters
NAPESCO
NAPESCO
-0.71% 842.00 -6.00
ALQURAIN
ALQURAIN
0.00% 261.00 0.00

Kuwait – Mubasher: Qurain Petrochemical Industries Company said Monday that it has got the Capital Markets Authority’s approval on the compulsory acquisition of the remaining shares of National Petroleum Services (Napesco) at a price of 730 fils per share.

According to a bourse filing, the stock accumulation will start as of 4 August and ends on 4 September.

The stock rose in today’s early trading by 1.05% as 15,600 shares were exchanged at KWD 3,000.