Boursa Kuwait announced the start of trading in the shares of Al-Safat Investment Company in the main market, within the financial services sector, as of today, Monday, October 11, 2021.
The re-listing of Al-Safat on the Kuwaiti Stock Exchange comes 8 years after the company's de-listing, as the company's return to trading again in the market came after the board of directors succeeded in addressing the problems and negatives that was hindering the insertion process.
The company's board chairman, Abdullah Al-Tarkit, said that the Safat management had made a great effort to return the company's shares to the market again after getting rid of the obsession with large debts, so that it is now able to competition.
Al-Tarkit explained that Al-Safat achieved profits for 6 years after completing the restructuring, which included settling obligations amounting to 85 million dinars.
The list of major owners with the Safat capital includes: First Investment Company with a 15.7% stake, Sheikh Muhammad bin Suhaim with 5.4%, and Al-Sour Al-Ninth Company with 5.4% ownership Al-Qadisiyah Holding Company with a share of 5.3%, and Al-Khair National Company (National Investments and Al Waseet for Financial Business) with a share of 5.1%.
