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Al-Kharafi sells 6.7m shares in KSH

Al-Kharafi sells 6.7m shares in KSH
The transaction amounted to KWD 268,000, or 40 fils per share
EMIRATES
EMIRATES
-3.33% 40.60 -1.40

Mubasher: Kuwait Syrian Holding Company (KSH) on Thursday announced that Mohammed Abdulmohsen Al-Kharafi and Sons Co. approved the sale of 6.7 million shares, or 3.8%, of its stake in KSH’s capital to Mr. Badr Abdulrahman Albakr.

The transaction amounted to KWD 268,000, or 40 fils per share, according to a bourse statement.

On 19 November, Al-Kharafi said that it approved the offer presented by Albakr to acquire a stake of its shares in KSH. 

Al-Kharafi, through its subsidiary Al Khair National for Stocks and Real Estate Company, owns a 16.82% stake in KSH.