Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) made a tender offer to acquire remaining 46.2% stake in Educational Holding Group K.S.C.P. (KWSE:EDU) for KWD 34.9 million on September 27, 2017. Boubyan Petrochemical Company will acquire the remaining shares of Educational Holding Group K.S.C.P. at KWD 0.308 per share. As on October 5, 2017, the board of Educational Holding Group considered the offer as fair and recommended the shareholders to accept the offer. The recommendation is non-binding to shareholders. The offer will open on October 10, 2017 and will close on November 9, 2017. National Investments Company was appointed to manage the deal.

Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) completed the acquisition of an additional 25.13% stake in Educational Holding Group K.S.C.P. (KWSE:EDU) for KWD 19 million on November 9, 2017. As reported, Boubyan Petrochemical Company K.S.C.P. acquired 61.65 million in Educational Holding Group shares under the offer representing approximately 25.13% of Educational Holding Group. Accordingly, Boubyan Petrochemical's stake in the Educational Holding Group grew to 56.67%.