Kuwait-Mubasher: National Ranges (Mayadeen) denied the news spread about negotiations nearing a completion on a settlement that involves two land plots owned to a subsidiary in Al Reem Island, Abu Dhabi, UAE.

Mayadeen confirmed that no negotiations are under way with any party inside or outside the UAE, according to a bourse statement.

Mayadeen stock rose by 2% after two hours from starting Tuesday’s session, as 41.6 million shares were exchanged with a value of KWD 1.1 million.