Mubasher: Investment Holding Group (IHG) on Sunday announced plans to purchase the remaining shares in Consolidated Engineering Systems WLL (CESCO) on a cash basis, according to a filing to the Qatar Stock Exchange (QSE).
IHG previously acquired a 39.6% stake in CESCO, raising its total shareholding to 60.40%. In April, the firm announced plans to acquire the remaining stake in CESCO.
IHG last reported a 19.5% rise in profits to QAR 14.44 million in Q1-18 from QAR 12.08 million in the corresponding period of 2017.
