Mubasher: Nafais Holding has purchased about 8.2 million of Al Mowasat Healthcare Co’s shares for 380 fils each, according to a statement on Wednesday.

The total value of this acquired stake is KWD 3.12 million.

Nafais currently owns a stake 57.4% in Al Mowasat instead of the previous 49.35%.

Following this purchase deal, Nafais’ investment in Al Mowasat has become a subsidiary instead of an associate.

Al Mowasat has a capital of KWD 10.16 million distributed on 101.6 million shares.

It is worth noting that Al Mowasat was listed on Boursa Kuwait before the stock delisted from the bourse in early October 2017.