Kuwait - Mubasher: Boursa Kuwait announced on Monday that no one entered the auction scheduled to be held today to sell 7.53% of Aqar Real Estate Investments’ shares.

Therefore, the selling procedures will be completed by 12:45pm Kuwait time, according to a bourse filing.

The sale completion will be between Al Ahli Bank of Kuwait (ABK), the seller who owns 13.02% of Aqar, who mandates Global Investment House, and Santco International General Trading, the buyer.

It is worth noting that the ownership of Aqar is distributed over Shall Foundation General Trading (29.541%), Al Ahli Bank of Kuwait (13.023%), Yousef Al Zabin (8.538%) and Ahmed Al Hamad (9.7%).

Aqar’s capital amounts to KWD 23.43 million, distributed over 234.3 million shares at a nominal value of 100 fils per share.