Kuwait-Mubasher: The Capital Markets Authority (CMA) in Kuwait said that Gulf Friends Real Estate has submitted an acquisition offer to purchase the entire shares of Nafais Holding, according to a bourse statement.
Thus, the acquisition offer submitted by Boubyan Petrochemical will be suspended until Gulf Friends completes the documents of the takeover deal.
The acquisition price will be modified to become 143 fils per share instead of 142 fils which was proposed by Boubyan; Nafais considered the 142 fils unfair.
