Mubasher: Boursa Kuwait announced that Al Kout Industrial Projects will hold a board meeting on Wednesday, 5 September, to disclose the recommendation regarding Boubyan Petrochemical’s acquisition of the remaining shares of Al Kout, according to a statement on Sunday.

On Thursday, 30 August, Boubyan announced the Capital Markets Authority’s (CMA) approval of disclosing the prospectus of the compulsory takeover by Boubyan.

The remaining shares for Boubyan in Al Kout represent 53.54% of capital, with a proposed takeover price of 766 fils per share.