Mubasher: A subsidiary of Al Imtiaz Investment Group has acquired a GCC-based company in consideration of KWD 21.6 million ($71.3 million).
The acquired company is operating in software solutions and information technology in a GCC country, according to a bourse statement.
This transaction is part of KWD 42 million package of acquisitions, Al Imtiaz announced.
Al Imtiaz Group reported a 67.7% year-on-year decline in profits during the second quarter of 2018 compared to the same period in the previous year.
