An unnamed foreign company made a bid to acquire 31.6% stake in Kuwait Remal Real Estate Co. K.S.C.C (KWSE:REMAL) for KWD 50 million on August 14, 2012. Under the terms, buyer will acquire 80 million shares at the bid price between KWD 0.55 and KWD 0.625 per share. Kuwait Remal Real Estate will hold a meeting with the buyer on September 11, 2012 to discuss and wrap up deal procedures.

An unnamed foreign company cancelled the acquisition of 31.6% stake in Kuwait Remal Real Estate Co. K.S.C.C (KWSE:REMAL) on August 14, 2013.