A 75% stake in the National Medical Consumable industries Company (NATMED) has been acquired jointly by Arzan Financial Group and Sanam Holding Company.
Arzan Financial announced in a disclosure to Boursa Kuwait today that the Kuwait Competition Protection Authority has approved the economic concentration related to the acquisition of a 67.39% stake in NATMED by one of its subsidiaries.
Previously, Sanam Holding Company had also announced that the Competition Protection Authority had approved its subsidiary’s acquisition of a 7.61% stake in the same company.