Shuaa gets nod for share purchase plan

Shuaa Capital said yesterday it received a regulatory nod from Capital Markets Authority in Kuwait and has executed a voluntary acquisition offer of 128 million shares of Amwal International Investments.

Shuaa now owns 87 per cent of Amwal, the company said in a statement posted on Dubai Financial Market’s website.

Shuaa shares closed nearly 1 per cent higher at Dh1.03 in a weak Dubai market. (Staff Report)