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Kuwaiti public insurer Pifss raises stake in Viva

Kuwaiti public insurer Pifss raises stake in Viva
Photo Credit: Arabianeye-Reuters
ADNC
ADNC
-8.00% 11.00 -1.00
STC
STC
1.29% 550.00 7.00

Kuwait-Mubasher: The Kuwait Stock Exchange (KSE) showed some changes in equity ownership on 3 December, as the Public Institution for Social Security increased its stake in Viva to 9.73% from 9.18%, an increase of 0.55%.

STC’s 26% stake in Viva has not been changed since news broke that the Saudi company is seeking a full takeover of Viva. Kuwait Investment Authority also still holds 6% stake in the Kuwaiti telecom company.

Meanwhile, shareholder Reda Abdulhady raised his stake in Al Dar National Real Estate by 0.824% to 15.993% from 15.169%.