Mubasher: Al Khair National for Stocks and Real Estate company on Sunday announced approving the offer proposed by Khaled Soliman Nasser Al Zayed to purchase 58.2 million shares of its stake in Al Mal Investment.

This stake represents 18.758% of Al Mal’s issued and paid-up capital, according to a bourse filing.

The opening price for the auction for the sale of this stake will be 43.2 fils per share.

Al Mal’s capital stands at KWD 31.03 million, distributed on 310.3 million shares at par value 100 fils per share. Al Khair National currently owns 37.76% of Al Mal’s capital.