Accumulation on Al Kout stock to last until October

Mubasher: Boubyan Petrochemical announced that the accumulation period for Al Kout Industrial Projects’ stock will start on Sunday, 9 September, until 10 October.

The accumulation will be based on the acquisition price of 766 fils per share, which is offered by Boubyan Petrochemical, according to a bourse statement on Sunday.

Last week, Al Kout’s board members recommended to the shareholders that the takeover price offered by Boubyan, which is 766 fils per share, was “unfair”.

Earlier in May, Boubyan Petrochemical acquired an additional equity to raise its ownership in Al Kout to 46.46% from 27.75%.

Mubasher Contribution Time: 09-Sep-2018 08:12 (GMT)
Mubasher Last Update Time: 09-Sep-2018 08:12 (GMT)