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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Finance more

Shuaa will sell stake in Kuwait firm

Posted on 12 May 2010

From Gulfnews.com: Shuaa Capital said on Tuesday it will sell its 48.69 per cent stake in Kuwait-based Al Kout Industrial Projects Company (AIP) to a group of prominent Kuwaiti investors. The sale is expected to generate more than $50 million of liquidity for Shuaa.
Listed on the Kuwait Stock Exchange, AIP specialises in the production of chlorine, hydrochloric acid, caustic soda and other related chemicals for a range of applications from water treatment and food manufacture to oil drilling. Shuaa bought the stake in 2006……………………………………….Full Article: Source

 
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