Kuwait-Mubasher: Al Madar Finance and Investment has signed an agreement with parties to acquire additional stake worth 40.72% in a subsidiary, according to a bourse filing.

Another official statement from the bourse said earlier that Al Madar raised its stake in Dal Al Thuraya Real Estate, a company that is listed in Kuwait Parallel Market.

On 14 December, shareholders of Al Madar Finance and Investment accepted the board’s recommendation to voluntarily delist from Kuwait’s exchange, a move that has not taken effect yet.