Mubasher: Boubyan Petrochemical announced that the Capital Markets Authority (CMA) on Monday, 27 August, approved publishing the prospectus of the compulsory acquisition of Al Kout Industrial Projects’ remaining shares offered by Boubyan.
Boubyan will acquire 53.54% equity, representing the remaining shares in Al Kout’s capital, for 766 fils a share, according to a bourse disclosure on Tuesday.
The accumulation period for the remaining shares will start on 9 September until 10 October, Boubyan added.
It is noteworthy that National Investments was appointed as the lead manager of this takeover transaction.
