Kuwait’s Aref Energy Says Offer to Purchase Company Is Fair
The board of Aref Energy Holding KSCC (AREFENRG) said an offer by Development Enterprises Holding, a unit of Kuwait Finance House (KFIN), to acquire its shares for 134 fils each is “fair and appropriate.”
Aref Energy, part of Aref Investment Group, hired a consultant to assess the offer and received regulatory approval from the Capital Markets Authority, said Aref in a statement posted today on the Kuwait Stock Exchange website.
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