Al Manar Financing and Leasing Company K.S.C. (Public) (KWSE:ALMANAR) agreed to acquire a 25.47% stake in Injazzat Real Estate Development Company K.P.S.C. (KWSE:INJAZZAT) for KWD 86 million on May 14, 2023. Under the terms, 86 million shares will be acquired at a price of KWD 100 Fils per share in cash. As of September 21, 2023, Competition protection agency approved the transaction.