As per an announcement made to Boursa Kuwait yesterday, Sunday, the Board of Directors of Rasiyat Holding Company has approved the appointment of a consulting firm to facilitate the listing of subsidiary Al-Saraj Holding Group Company, in which they own 93.1%, on the main market of Boursa. This decision is in line with the company's growth strategy and aims to strengthen its future prospects and broaden its shareholder base.
To protect the company's interests and shareholder rights, the Board has decided to halt any further progress and revoke the original non-binding agreement made on January 9, 2024, regarding the sale of 20% of Rasiyat's ownership in the subsidiary Al-Sarraj Holding Group Company.