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Securities House, Al Aman merger awaits CMA's approval

Securities House, Al Aman merger awaits CMA's approval
The merger is valued at KWD 10.23 million
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Mubasher: The Securities House has declared its merger resolution with Al Aman Investment.

Accordingly, the merger procedures will be carried out, subject to the approval of Kuwait’s Capital Markets Authority (CMA), according to a bourse statement on Monday.

Securities House is the merging company, while Al Aman Investment is the merged.

The transaction will raise the merging company’s assets and equity rights by the value of Al Aman’s assets and liabilities, which will be transferred upon the merger’s completion at a value of KWD 10.23 million.    

It is noteworthy that in January, the extraordinary general meeting of The Securities House approved the merger.