Dubai-based investment bank Shuaa Capital has said it has received the Kuwait bourse's approval to sell its 49% stake in Al Kout Industrial Projects Co, Reuters has reported. The sale is expected to boost the financial group's liquidity position by around $50m.
You might also like...
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
Samana announces $272m Dubai Lake Views project
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
