Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) and Ahli United Bank – Kuwait (AUB Kuwait) announced that their 75.6% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the percentage of 196.096 million shares at a price of 58.1 fils each to the total outstanding shares (net of treasury shares) of KMEFIC.

Therefore, the number of sold shares shall represent 74.3% of KMEFIC’s total issued shares, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.

In August, AUB – Bahrain and AUB – Kuwait signed an agreement to sell their stakes in KMEFIC to Hamad Saleh Al Thekair.