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Boubyan Petrochemical buys stake in Educational

Boubyan Petrochemical buys stake in Educational
Photo Credit: Arabianeye-Reuters
NAFAIS
NAFAIS
0.00% 880.00 0.00
BPCC
BPCC
0.66% 613.00 4.00
EDU
EDU
-4.17% 2,300.00 -100.00

Kuwait – Mubasher: Boursa Kuwait announced completing the procedures of selling 130.85 million of Educational Holding’s shares to Boubyan Petrochemical.

The sale transaction is worth KWD 39.25 million ($128.8 million), according to a statement issued on Thursday.

The benchmark price of the deal is 300 fils per share.

At the stock level, Boubyan closed Thursday’s session at 560 fils.