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Dar denies talks to sell stake in property arm

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 02 July 2008
TALKS DENIED: Investment Dar said it has not held any discussions over selling a stake in its property arm. (Getty Images)
TALKS DENIED: Investment Dar said it has not held any discussions over selling a stake in its property arm. (Getty Images)

Kuwait's Islamic firm Investment Dar denied a press report on Wednesday that it was in talks to sell a stake in its real estate affiliate Oqyana.

Kuwait's bourse earlier suspended trading in Dar's shares seeking clarification after local daily Al-Wasat said in an unsourced report that Oqyana was in talks to sell a 30 percent stake.

"The company did not hold any negotiations to sell its shares in Oqyana," Dar said in a statement on the bourse website.

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The bourse said trading in Dar's shares will be resumed shortly after the clarification.

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