By: Ahmad Awad
Kuwait – Mubasher: Nafais Holding’s ordinary general meeting agreed on Monday to accept the acquisition offer presented by Boubyan Petrochemical for 185 fils per share.
The approval of the takeover offer came after Gulf Friends Real Estate Co. competed to win the acquisition for 143 fils a share.
Shareholders are not obliged to the vote set by Nafais’ OGM to agree on Boubyan’s offer, deputy chairman of Nafais Faisal Al Sabah said.
Furthermore, Nafais agreed on distributing 10% cash dividends of the capital or 10 fils per share to shareholders for the fiscal year 2015, with a total of KWD 4.1 million.
Translated by: Ingy ElSafy
