Mubasher: Al Khair National for Stocks and Real Estate Co. has agreed on an offer proposed by Mubarak Al-Muslim to purchase 34.13 million of Al Mal Investment’s shares.

This stake represents 11% of Al Mal’s issued and paid-up capital, according to a bourse statement disclosed on Wednesday.

The premium price for the auction which will be held for selling this stake will be 43.2 fils per share.

It is noteworthy that Al Mal’s capital stands at KWD 31.03 million, distributed on 310.3 million shares, with Al Khair National owning a 37.76% of Al Mal’s capital.

At the stock level, Al Mal closed Wednesday 4.86% lower at 27.4 fils.