SHUAA Capital PSC (DFM:SHUAA) made an offer to acquire the remaining 91.97% stake in Amwal International Investment Company K.S.C.P (KWSE:AMWAL) on January 21, 2018. SHUAA Capital should acquire at least 75% stake through the offer. As of May 13, 2018, the transaction was approved by the Central Bank of Kuwait. On May 14, 2018, SHUAA Capital entered into a preliminary agreement to acquire the remaining 91.97% stake in Amwal International Investment Company. Kuwait's Capital Market Authority approved the deal on July 19, 2018. As of September 6, 2018, shareholders representing 70.91% of capital have agreed to sell their stake in Amwal.