Mubasher: Alothman Commercial Enterprises Co has called on Egypt’s EFG Hermes to sell 17% equity in Human Soft Holding.
Alothman intends to sell about 20.78 million of its shares in Human Soft, according to a bourse statement on Monday.
Currently, Alothman owns a stake of 37.07% in Human Soft of which capital stands at KWD 12.22 million distributed on 122.24 million shares.
Alothman clarified that it wants to shrink its equity ownership in Human Soft to below 30%.
At the stock level, Human Soft closed Monday’s session 0.58% higher at KWD 3.48.
