Mubasher: Kuwaiti European Holding Group on Monday announced that it acquired  29.046% of the indirect shares of Ajwan Gulf Real Estate, at the trading’s close on Sunday, 29 October.

After the acquisition, Kuwaiti European became the biggest minority shareholder in Ajwan, followed by Sanad Holding with 24.222%, and Nouf Real Estate with 10.2%, according to a bourse statement.

Ajwan’s capital is divided into 210 million shares, with a nominal value of 100 fils each.