In a statement issued to Boursa Kuwait, Gulf Investment House announced that it increased its stake in one of its (unlisted) subsidiaries by 8.06%
The company said that it has purchased 12.5 million shares of Afkar Holding Company, at KWD 1 million (excluding commissions and other fees). The value of this acquisition is estimated at around KWD 280,000
The company indicated that these changes will be reflected in the financial statement of the first quarter of 2022.