Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) reached an agreement to acquire 20.43% stake in Kuwait Foundry Company - K.P.S.C. (KWSE:KFOUC) from Al Khair National for Stocks and Real Estate Company for KWD 6.6 million on January 9, 2019. In this transaction, Boubyan Petrochemical will buy 31.44 million shares, representing 20.43% of Kuwait Foundry at KWD 0.21 per share and Al Khair National for Stocks and Real Estate Company will reduce its stake in Kuwait Foundry from 40.85%.

Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) completed the acquisition of 20.43% stake in Kuwait Foundry Company - K.P.S.C. (KWSE:KFOUC) from Al Khair National for Stocks and Real Estate Company on January 10, 2019.