Alargan International Real Estate Company announced that it has received a letter from Combined International Real Estate Company, a partner in G2 United General Contracting for Buildings, in which Alargan owns a 55% stake.

According to the letter, as stated in Alargan’s disclosure to Boursa Kuwait today, Thursday, Combined International received a purchase offer from a local company interested in acquiring 10% of the shares of G2 United General Contracting for Buildings.

The letter further stated: “Combined International Real Estate Company is offering us the opportunity to sell a portion of our stake in the company, as part of the 10% mentioned in the purchase offer submitted by the local company.”

Accordingly, Alargan will review, discuss, and evaluate the submitted offer in accordance with the requirements and conditions set by the relevant authorities.