SHUAA Capital Completes Al Kout Disposal
5/17/2010 7:07:32 PM
Categories:
Companies: SHUAA Capital
Countries: SAUDI ARABIA, UAE
Sectors: Banking
SHUAA Capital, the region’s leading financial services institution, today completed the sale of its 48.69% stake in Al Kout Industrial Projects Company (‘AIP’) for 385 Kuwaiti fils per share. The sale generated over US $50 million of liquidity for SHUAA Capital. The transaction has no material impact on SHUAA’s bottom line.


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