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.

Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) completed the acquisition of remaining 16.89% stake in Educational Holding Group K.S.C.P. (KWSE:EDU) on March 16, 2023.