Kuwait Real Estate acquires 58% stake in International Resorts

Mubasher: Boursa Kuwait on Monday announced that Kuwait Real Estate Company (KRE) has completed the non-cash and non-mandatory acquisition procedures over the International Resorts Company’s (IRC) shares.

KRE acquired 89.35 million shares, representing 57.835% of the capital, of IRC in return for 0.455 share of KRE, according to Boursa Kuwait’s statement.

Mubasher Contribution Time: 21-Jan-2019 14:32 (GMT)
Mubasher Last Update Time: 21-Jan-2019 14:32 (GMT)