Mubasher: Kuwait Projects Holding (KIPCO) has increased its stake in OSN to 87.6% from 60.5% through participation in capital calls and an arbitration decision.
The Boursa Kuwait-listed firm expects the transaction to reflect positively on its financial statements.
Further details will be announced in due course, according to a bourse disclosure on Sunday.
Earlier this month, Standard and Poor's (S&P) maintained KIPCO’s long-term issue credit rating at ‘BBB-’ and the short-term issue credit rating at ‘A-3’.
