Al Aman Investment Company - K.P.S.C. (KWSE:ALAMAN) and others acquired First Education Company (K.S.C.C) from The Securities House K.S.C.P. (KWSE:SECH) for KWD 18 million on June 27, 2019. Al Aman Investment Company - K.P.S.C. will hold 50% stake in First Education Company through the investment in joint venture. As reported, 20% of the acquisition's value of KWD 3.6 million was paid and 55% of the value of KWD 9.9 million will be paid through getting credit facilities from one of the banks. The remaining 25% of the transaction's value of KWD 4.5 million will be paid a year after the acquisition. The Securities House K.S.C.P. approved the transaction on January 9, 2020.

Al Aman Investment Company - K.P.S.C. (KWSE:ALAMAN) and others completed the acquisition of First Education Company (K.S.C.C) from The Securities House K.S.C.P. (KWSE:SECH) on June 27, 2019.