The Board of Directors of the Securities House Company approved to invite its Annual General Meeting to discuss the independent expert’s report regarding the acquisition of Gatehouse Capital Economic and Financial Consultancy.

In a statement issued to Boursa Kuwait today, Thursday, the Company stated that once the transaction is finalized, the Company’s net cash will decrease by approximately KWD 3.5 million, in addition to creating a liability in the same value.

The Securities House Company's profits also include a 100% share of the target company's business results after the acquisition.
Securities House profits dropped by 41% to KWD 1.93 million in 1H2022, compared to profits of KWD 3.28 million in the corresponding period last year.