Kuwait: NI Group sells shares in Mabanee

Published December 5th, 2005 - 08:23 GMT
Al Bawaba
Al Bawaba

Kuwaiti group National Industries Group has sold 105 million of its shares in Kuwaiti construction and real estate firm Mabanee Company. According to local press reports, the shares represent 35 % of the capital of Mabanee.

 

Mabanee Company is a Kuwaiti shareholding company with a paid-up capital of 30 million Kuwaiti dinars. Mabanee is listed under the real estate sector on the Kuwait Stock Exchange since 1999.

Mabanee is owned by a prestigious list of Kuwait's top institutions and high net worth individuals currently exceeding 1,500 shareholders.