Sanad still intends to acquire a strategic stake in GIH
Mubasher: Sanad Holding Co announced that it has not reached an agreement with Kuwait Finance House (KFH) to purchase an equity of 20% in Gulf Investment House’s (GIH) capital.
The company added that not reaching a final agreement with KFH means that the agreement is void, according to a bourse statement on Monday.
Sanad clarified that it still intends to acquire a strategic stake in GIH.
Source:
Mubasher
