Al Safat Investment Company K.S.C. (KWSE:ALSAFAT) entered into a preliminary agreement to acquire Cap Corp Investment Company K.S.C.C. on June 1, 2022. Al Safat Investment will issue 0.5 shares for each share of Cap Corp Investment. The transaction is subject to conducting due diligence, regulatory approval and stakeholders approval of both Al Safat Investment and Cap Corp Investment. After completion of the transaction, Cap Corp Investment Company K.S.C.C. will be dissolved, while the shares of Al-Safat Investment Company K.S.C.P. will continue trading. As on August 29, 2023, CMA approved the transaction.

Al Safat Investment Company K.S.C. (KWSE:ALSAFAT) completed the acquisition of Cap Corp Investment Company K.S.C.C. on October 22, 2023.