Qurain Petrochemical Industries Company K.S.C.P. (KWSE:ALQURAIN) agreed to acquire 60% stake in Jassim Transport & Stevedoring Co. W.L.L from Global Capital Management Ltd. and Boodai family for KWD 42 million on June 16, 2019. Jassim Transport & Stevedoring Co. W.L.L will be consolidated starting Q2 ending March 2020. Qurain Petrochemical Industries Company financed the deal through credit facilitates to extent of 50%.

Qurain Petrochemical Industries Company K.S.C.P. (KWSE:ALQURAIN) completed the acquisition of 60% stake in Jassim Transport & Stevedoring Co. W.L.L from Global Capital Management Ltd. and Boodai family on July 10, 2019. The Investment Banking team at Global was the sell-side advisors to the sellers in this exit transaction, in association with EY.