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Al Khair National suspends talks to sell 38% stake in Gulf Cement

Al Khair National suspends talks to sell 38% stake in Gulf Cement
Al Khair National started negotiations with Liberty House Group in December 2017
Gulf Cement
GCEM
0.00% 0.41 0.00

Abu Dhabi – Mubasher: Gulf Cement Company announced that Al Khair National for Stocks and Real Estate has suspended talks over selling its 37.81% stake in Gulf Cement to Liberty House Group.

Al Khair has ended negotiations with the potential buyer, according to Gulf Cement’s statement to the Abu Dhabi Securities Exchange (ADX).

In December 2017, Al Khair National started negotiations with the UK-headquartered company Liberty House Group, a possible purchaser that would buy Al Khair’s entire stake in Gulf Cement, which is a UAE firm listed on both Boursa Kuwait and the ADX.

 By 10:01 am UAE time, Gulf Cement’s stock stood at AED 0.90.