Al Kout Industrial Projects Company K.S.C.C. (KWSE:ALKOUT) acquired an additional 11.46% stake in Al-Dorra Petroleum Services Company from Al-Mal Investment Company K.S.C.C. (KWSE:ALMAL) for KWD 3 million on September 16, 2012. Al Kout acquired 40 million shares for KWD 0.075 each. Al Kout's direct and indirect shareholding in Al-Dorra increased from 22.92% to 34.38%. The transaction led to a loss of KWD 1.49 million. The transaction will have no impact on financial position of Al Kout.


Al Kout Industrial Projects Company K.S.C.C. (KWSE:ALKOUT) completed the acquisition of an additional 11.46% stake in Al-Dorra Petroleum Services Company from Al-Mal Investment Company K.S.C.C. (KWSE:ALMAL) on September 16, 2012.