Kuwait Finance House to sell the shares of Al-Aman Investment
July 2, 2010
Kuwait-based Islamic banking and financial services to Kuwait Finance House (KUW: KFIN), or KFH wants to sell part of its stake in Kuwait’s Al-Aman Investment Co (KUW: Alaman), formerly Al Can Consulting and investment cooperation, KFH said in a filing with the Stock Exchange environment.
Rate of 87 million shares, or 17.89% of the share capital of Al-Aman in. KFH has established the price of Kuwaiti 0,1 (0,28 USD 0.34/EUR) per share.
If the share is sold at a price higher, KFH will receive 350 thousand Kuwaiti dinars from the deal.
After completion of the transaction, KFH will hold 25.6% stake in Al-Aman.
KFH (www.kfh.com), founded in 1977, primarily engaged in providing banking, investments, real estate, trade, and leasing services in accordance with Islamic principles of sharia, which prohibit the payment and receipt of interest.
Al-Aman (www.alaman.com.kw), established in 1982, is a Shariah compliant investment company which offers various financial services with an emphasis on asset management and investment advisory services.
