Al Khair National for Stocks and Real Estate, Kuwait Food Co -Americana major shareholder, stated that there are ongoing preliminary discussions with number of investment parties, regarding selling its 66.80% stake at Americana.

Al Khair affirmed that it didn't reach yet any final deal or binding commitments, said a bourse filling by Americana.

Last September, Al Khair National said it has appointed number of advisers and financial consultants to look at different strategic options, which included action related to its holding in one of the Gulf's largest food firms.

Meanwhile, earlier this week, sources revealed that Saudi Arabian billionaire Prince Alwaleed bin Talal, Chairman of Kingdom Holding Company (KHC), seeks to get his hands on Al-Kharafi group stake at Kuwait Food Company. The deal’s value is estimated at around $6 billion per media reports.

The bid news were initially broke in April stating that Americana majority shareholder the Al Kharafi family was working with investment bank Rothschild to approach potential buyers.

On early September well-informed sources revealed that Saudi -based Savola Group has appointed JPMorgan Chase & Co to advice on a potential bid of around $4.3 billion for Kuwait Food business - Americana.

Americana in its turn , said its major shareholder Al Khair National for Stocks and Real Estate has recently appointed number of advisers and financial consultants to look at different strategic options, which included action related to its holding in one of the Gulf's largest food firms.

Al Khair National for Stocks and Real Estate Co is owned by the al-Kharafi family, the majority shareholder in Americana.