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Based on the statement issued by Boursa Kuwait Securities Company on 5/04/2018, a total of 14,248,391 shares of Al Madar Finance and Investment Compnay has been sold to Al-Zukair Gen. Trad. & Cont. Co in the amount of 6.662% of the shares as an execution of the mandatory acquisition process. Al- Zukair Gen. Trad. & Cont. Co. already owns 67.881% of the shares, so the total share of Al-Zukair Gen. Trad. & Cont. Co. becomes 74.543% of Al Madar Finance and Investment Company (MADAR).
Title: Announcement Regarding Completing the Mandatory Acquisition Procedures Presented by Al-Zukair Gen. Trad. & Cont. Co. for all Shares of Al Madar Finance and Investment Company (MADAR)
Date Publish
05 April 2018
Based on the statement issued by Boursa Kuwait Securities Company on 5/04/2018, a total of 14,248,391 shares of Al Madar Finance and Investment Compnay has been sold to Al-Zukair Gen. Trad. & Cont. Co in the amount of 6.662% of the shares as an execution of the mandatory acquisition process. Al- Zukair Gen. Trad. & Cont. Co. already owns 67.881% of the shares, so the total share of Al-Zukair Gen. Trad. & Cont. Co. becomes 74.543% of Al Madar Finance and Investment Company (MADAR).
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