trending Market Intelligence /marketintelligence/en/news-insights/trending/un6xmj0ekwx6nahogh11og2 content esgSubNav
In This List

Dubai-based SHUAA to acquire majority stake in Kuwait's Amwal

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Dubai-based SHUAA to acquire majority stake in Kuwait's Amwal

Dubai-based SHUAA Capital PSC will have a total stake of 87.22% in Kuwait-based Amwal International Investment Co. KSCP following a tender offer.

Amwal shareholders agreed to sell 128,025,460 shares, representing 70.91% of the company. SHUAA, which already owns 29,447,165 shares in Amwal, gained approval for the voluntary acquisition offer in July and has submitted an application for the sale.

The deal is pending final review by the Kuwait Clearing Co. and confirmation by Kuwait's Capital Markets Authority.