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Al Kout inks KWD 5.3m takeover deal

Al Kout inks KWD 5.3m takeover deal
The primary value for this acquisition deal is worth $17.6 million
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Mubasher: Al Kout Industrial Projects has signed an agreement to acquire an integrated materials company with a limited liability, according to a bourse filing disclosed on Wednesday.

The primary value for this acquisition deal is worth KWD 5.3 million ($17.6 million), Al Kout added.

A positive impact is expected on Al Kout’s income statements, as well as raising the traded assets and shareholders’ equity rights.