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ABK raises equity in HEISCO by 5.51%

ABK raises equity in HEISCO by 5.51%
ABK has raised its stake in HEISCO to 15.3%
ABK
ABK
-0.39% 254.00 -1.00
SHIP
SHIP
0.64% 784.00 5.00

Mubasher: The equity ownership movement registered in Boursa Kuwait showed that Al Ahli Bank of Kuwait (ABK) has increased its stake in Heavy Engineering Industries and Shipbuilding (HEISCO) by 5.51% during Monday’s session, 2 April.

ABK has raised its stake in HEISCO to 15.3% from 9.79%, according to a bourse filing on Tuesday.

It is noteworthy that HEISCO has a capital of KWD 18.02 million distributed on million shares.

At the stock level, HEISCO closed Tuesday’s session 8.42% higher at 219 fils.