Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) entered into initial agreement to acquire remaining 16.89% stake in Educational Holding Group K.S.C.P. (KWSE:EDU) on April 25, 2022. The transaction is subject to regulatory approval and approval by extraordinary general assemblies of Boubyan Petrochemical Company K.S.C.P. and Educational Holding Group K.S.C.P. As on October e Capital Markets Authority of Kuwait (“CMA”) approved the transaction. As of October 23, 2022, the transaction is approved by board of directors of Educational Holding Group K.S.C.P.