Shuaa to sell stake in Kuwait firm

12 May 2010

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.

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.

Get Notifications