Boursa Kuwait today revealed that it hosted and saw the closing of the Kuwait Food Company offer, which was held on Thursday, 20 October, 2016, where 268,496,544 shares of the company were sold. This worth represents (66.790%) of the business's capital, at the price of (KWD 2.650) and an overall value of KWD 711,515,841.600). Details of parties who took part in the deal are as follows:

National Investments Company Client Account
In favour of / Al Khair National for Stocks and Real Estate (%58.141) - Seller
Al Khair National for Stocks and Real Estate (%8.649) - Seller
National Investment Company Client Account
In favor of/ Adeptio AD Investments - Buyer

Commenting on this offer, Mr. Khaled Abdulrazzaq AlKhaled, Boursa Kuwait Vice Chairman and CEO, stated: "This offer is testament to the great trust the taking part parties have in Boursa Kuwait and their faith in Boursa Kuwait's strategy to produce a reorganized robust, transparent and available market".

He included: "We are pleased to have hosted and seen the closing of this offer after Boursa Kuwait's official license acquisition, which reflects the appealing outlook of the getting involved parties in the Kuwait economy and enhances the faith of financiers in Kuwaiti business. Boursa Kuwait is sparing no efforts to develop its working environment and to raise the standards of the services it offers to its clients".