Gulf North Africa Holding Company stated in a press release issued to Boursa Kuwait on Wednesday that it has increased its stake in a subsidiary through the purchase of an additional 3.14 million shares, or 7.62% for about KWD 560.30 thousand as of today’s date.
The Company clarified that its interests in its subsidiary will be reflected in the fourth quarter of 2021 financial statement. 
Earlier in October, " Gulf North Africa Holding Company" announced increasing its ownership percentage in "Al-Siraj Holding" to 84.98%, by purchasing about 8.941 million shares, or 21.7%, for a total of KWD 1.59 million.
It is worth noting that the company turned to profitability at the end of 9M2021, as it announced achieving KWD 93.94 thousand in profits, compared to a loss of KWD 312.23 thousand for the corresponding period in 2020.