Mubasher: Unicap Investment and Finance (UNICAP) on Wednesday announced that Bank of Bahrain and Kuwait (BBK) sold 19.77 million shares of its stake in UNICAP on 21 November 2018.
The transaction amounted to KWD 1.4 million, or 70 fils per share, according to a bourse statement.
In August, Unicap had signed an agreement with BBK to settle its indebtedness that was delayed as on 31 December 2013.
It is noteworthy that Unicap has a capital of KWD 23.96 million distributed on 239.6 million shares.
By 11:51 am Kuwait time, Unicap’s share rose 3.11% at 62.9 fils after 608,920 shares were traded at a turnover of KWD 38,050.
