The Kuwait Competition Protection Authority has approved an economic concentration transaction whereby Trolley Capital Real Estate –acquires 31% of the shares in OTC 319 KFIC Financial Brokerage Company.

Trolley Capital Real Estate operates in multiple sectors, including the buying and selling of stocks and bonds, trading land and real estate, and investing financial surpluses.

KFIC Financial Brokerage is a licensed securities broker registered with the Boursa Kuwait.

According to the company, the anticipated financial impact upon completion of the acquisition and transfer of ownership includes:

- An increase of KD 3,224,000 in cash and bank balances,
- An increase of KD 3,368,703 in minority interest,
- And a minor decrease of KD 144,703 in equity.