Mubasher: Investments by Gulf Investment House (GIH) will increase by KWD 528,545 following the acquisition deal concluded by its unit, Afkar Holding, of Al Watania Paper Products Company (Waper), a subsidiary of National Consumer Holding Company (NCHC).

The deal is valued at KWD 1.018 million, according to a disclosure to Boursa Kuwait on Wednesday.

NCHC owns 99% of Waper's share capital, with a value that amounts to KWD 1.1 million.    

On Tuesday, NCHC's board accepted Afkar Holding’s offer to fully acquire Waper.