Kuwait – Mubasher: Senergy Holding said that its board agreed on the preliminary offer received to purchase the company’s 60% stake in National Drilling Company-Egypt.

The exit deal is worth KWD 3.37 million or EGP 138 million ($11.1 million), according to a bourse statement.

Senergy clarified that the financial impact from the exit will be a loss of KWD 2.92 million.

The exit is subject to signing final contracts as well as obtaining official approvals, Senergy added.