The Competition Protection Authority (CPA) announced that Trolley Capital Real Estate Company (a limited liability company) and Kfic Financial Brokerage Company (a closed Kuwaiti joint stock company) have submitted a request for approval to complete the economic concentration process by acquiring 31% of Kfic Brokerage by Trolley Capital.
This is in accordance with Law No. (72) of 2010 concerning Competition Protection and Article (83) of its executive regulations issued by Resolution No. (14) of 2021 and its amendments, which states that "any interested party may submit a substantiated objection to the authority regarding the economic concentration request within a period not exceeding fifteen (15) days from the date of notification or publication."