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Sanad cancels deal with KFH on GIH’s stake

Sanad cancels deal with KFH on GIH’s stake
Sanad still intends to acquire a strategic stake in GIH
BAREEQ
BAREEQ
0.00% 30.60 0.00
KFH
KFH
-0.37% 800.00 -3.00
GIH
GIH
1.60% 380.00 6.00

Mubasher: Sanad Holding Co announced that it has not reached an agreement with Kuwait Finance House (KFH) to purchase an equity of 20% in Gulf Investment House’s (GIH) capital.

The company added that not reaching a final agreement with KFH means that the agreement is void, according to a bourse statement on Monday.

Sanad clarified that it still intends to acquire a strategic stake in GIH.