In a statement issued to Boursa Kuwait today, Thursday, Arabi Group Holding Company revealed that it has been informed by its subsidiary, Arabi Energy and Technology (Arabi Enertech), about the receipt of a proposal to acquire the entirety of its shares.
Arabi Holding Group has communicated that the proposition to fully acquire "Arabi Enertech" is currently under review by its board of directors. Additionally, the company mentioned that the subject will also be presented for consideration to the board of directors of "Arabi Holding." The outcomes and determinations reached during the forthcoming board meeting will subsequently be established and made public.