Mubasher: Two investors have reached a preliminary agreement on purchasing 13 million shares in Ajial Real Estate Entertainment at a value of 225 fils per share, an investment source said on Wednesday.
Ajial Real Estate's deal is subject to another transaction entails acquiring a 10.147% stake in Gulf Petroleum Investment (PetroGulf) by a key investor at a price of 50 fils per share, the source told Aljarida newspaper.
The deal will be carried out after obtaining regulatory approvals.
Ajial Real Estate's stock closed Wednesday stable at 176 fils, whereas PetroGulf's stock fell 3.09%.
