Mubasher: Ali Alghanim and Sons General Trading and Contracting Company has increased its stake in Aayan Leasing and Investment to 10.06% from 5.29%.

Ali Alghanim purchased 38.819 million shares at an average price of KWD 0.035 per share at a total value of KWD 1.37 million, according to a bourse statement on Thursday.

Kuwait Finance House (KFH) owns a stake of 18.66% in Aayan Leasing while Al Maleeh Real Estate’s ownership amounts to 7.97%.

It is noteworthy that in 2019, Aayan Leasing turned to a loss of KWD 14.6 million ($48.04 million), against a profit of KWD 3 million ($9.96 million) in 2018.