Mubasher: Boursa Kuwait on Thursday announced that an auction will be held on 18 May to offer 53.3% of Educational Holding’s capital for sale.

The stake includes about 130.85 million shares, with a premium price of 300 fils at an overall value of KWD 39.25 million, the statement added.

Educational Holding has a capital of KWD 24.53 million distributed on 245.3 million shares, at a par value of 100 fils per share.

The parties included in this sale deal are Nafais Holding, Al Awaed National Group for General Trading and Contracting, and Nohoudh Development General Trading and Contracting representing the seller part, while the buyer is Boubyan Petrochemical.

At the stock level, Boubyan closed Thursday’s trading session 1.72% lower at 570 fils.