Mubasher: Kuwait-based Salbookh Trading has denied receiving any acquisition offers from strategic investors, according to a bourse statement released on Tuesday.
The company’s board was not notified of any acquisition offers presented to its main shareholder Kuwait Finance and Investment or to any of its subsidiaries.
On Monday, Boursa Kuwait announces that it would be suspending trading on Salbookh’s shares until the company comment on the alleged acquisition offers.
During the first six months of 2019, Salbookh’s loss soared 78.4% to reach KWD 743,390, compared to AED 416,670 in the year-ago period.
