CmaBoardReleases
Back to Search
Title: Announcement Regarding the Completion of the Mandatory Acquisition Offer Submitted by Silver Share Real Estate Company on all Shares of Hilal Cement Company
Date Publish
31 August 2021
Based on the minutes issued by Boursa Kuwait Securities Company on August 31, 2021, the fact of selling the total of 380,809 shares of Hilal Cement Company to Silver Share Real Estate Company was confirmed in a percentage of 0.38%, in implementation of a mandatory acquisition offer process. Silver Share Real Estate Company previously owned 51% of the shares, so the total ownership of Silver Share Real Estate Company after the mandatory acquisition offer process becomes 53.63 % of Hilal Cement Company’s capital and the total ownership of Jasem and Marwan Boodai Group after the mandatory acquisition offer process becomes 95.15% of Hilal Cement Company’s capital.
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.