SHUAA Capital completes Al Kout disposal

Published May 18th, 2010 - 07:40 GMT
Al Bawaba
Al Bawaba

SHUAA Capital, the region’s leading financial services institution, today completed the sale of its 48.69% stake in Al Kout Industrial Projects Company (‘AIP’) for 385 Kuwaiti fils per share. The sale generated over US $50 million of liquidity for SHUAA Capital. The transaction has no material impact on SHUAA’s bottom line.