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Al Enmaa Real Estate rebuffs news of takeover bids

Al Enmaa Real Estate rebuffs news of takeover bids
Al Enmaa’s stocks will resume trading
KFH
KFH
-0.37% 800.00 -3.00
ERESCO
ERESCO
-1.50% 59.00 -0.90

Mubasher: Al Enmaa Real Estate Company dismissed news that it received any acquisition proposals from strategic investors, according to its statement to Boursa Kuwait.

Kuwait Financial House’s (KFH), Al Enmaa’s main stakeholder, also did not receive any offer to purchase its stake in the company’s capital, the statement said.

Upon the announcement, Boursa Kuwait said Al Enmaa’s stocks will resume trading.

It is worth noting that Al Enmaa’s stocks were suspended on Monday until clarification as to the circulated news on takeover bids.