Kuwait's Capital Market Authority announced that it has postponed the procedures of formulating the acquisition of First Trading & Contracting Group Co. of Al BareeqCo. Lately, Al Bareeq's shareholder meeting has approved the company's Board of Directors recommendation about endorsing First Trading & Contracting Group Co. voluntary tender offer to purchase all of shareholders' shares in Al Bareeq.

BAREEQ operates within the diversified financial sector focusing on multi-sector holdings. It has one subsidiary operating across Kuwait, working on capital goods.