Rasiat Holding Company disclosed to Boursa Kuwait on Sunday, January 14, 2024, that it has submitted an application to the Competition Protection Authority for the approval of its proposed acquisition of 70% of the shares of Eastern Company for Educational Services. The company emphasized that the completion of the contract is contingent upon obtaining regulatory authorities' approval.
Rasiat Holding Company also stated that any significant updates related to this matter will be disclosed in due course. Regarding the financial impact of this process, the company clarified that there is no financial impact at present.