Gulf North Africa Holding (GNAHC) issued a statement to Boursa Kuwait on Monday stating that it increased its ownership stake in Siraj through purchasing 8.941 million shares or 21.7% for a total of KWD 1.59 million.
The company stated that the new stake will have an impact on the company's financial statements in the fourth quarter of 2021.
GNAHC turned profitable in 1H2021, achieving profits of KWD220,000, compared to losses of about KWD 153,000 for the corresponding period of 2020.