Mubasher: Al Ahli Bank of Kuwait (ABK) announced on Thursday the sale of its stake in Kuwait Finance and Investment (KFIC).

The sold stake amounted to roughly 25.984 million shares, or 8.047% of KFIC’s capital, according to the lender’s bourse statement.

This came after ABK shifted its business in the company to an exit from investment, instead of a long-term investment.