Mubasher: Al Khair Global for Buying and Selling Shares said on Tuesday that it is committed to put forward a mandatory acquisition offer for the remaining shares of Arkan Al Kuwait Real Estate, according to a bourse disclosure.

This came after Al Khair Global announced earlier in the day raised its stake in Arkan Al Kuwait to 35.876% from 29.58%, with the aim of acquiring according to a Boursa Kuwait statement.

Arkan Al Kuwait’s capital stands at KWD 25.115 million, distributed over 251.15 million shares, at 100 fils per share.