The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.
National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit.
Lloyds Banking Group is to sell a further 11.5 per cent stake in TSB Banking Group, leaving it with a 50 per cent shareholding in a business it was ordered to shed by European regulators.
Lloyds said it would sell another 57.5 mil
Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.
Star International Real Estate has signed a new agreement with AAA Homes to sell and rent its properties across Bahrain.
Over the years AAA Homes has worked on a variety of projects including luxury villas, high-rise apartments, m
Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying
Jadwa Investment, a Saudi Arabian private equity house and investment bank, said its Food and Beverage Opportunity Fund has sold its 30 per cent stake in Gulf Union Foods Company (GUFC), a leading beverage produc
Dimension Data, a $6 billion global ICT services and solutions provider, has launched an initiative to sell one million new seats of Microsoft Lync Enterprise Voice, delivered either on premises or in a private cloud by 2017.
Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.
A Bahraini investor who owns a chain of three and four-star hote