Mubasher: Arkan Al Kuwait Real Estate on Tuesday said that a member of its board sold 6.3 million shares, according to a the company’s disclosure.

Arkan’s board member Mashaal Abdullah Mohammed Al Ansari sold the shares during Sunday’s trading session, at 70.5 fils per share, or a total value of KWD 444,1500, the company said in a bourse statement.

Al Ansari represents Al Khair Global for Buying and Selling Shares in Arkan’s board of directors, while the former company owns 29.6% of the latter, the largest held stake.

Arkan Al Kuwait’s capital amounts to KWD 25.115 million, distributed over around 251.15 million shares, with a nominal value of 100 fils per share.