Print
Email
Discuss this article ( Comments)
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.
The bourse said trading in Dar's shares will be resumed shortly after the clarification.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST REAL ESTATE
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST REAL ESTATE
LATEST MIDDLE EAST BUSINESS NEWS
- Education: Mubadala completes $1bn financing for uni project
- Banking & Finance: Deal sought on Dubai World, Nakheel creditors
- Banking & Finance: Arab youth SMEs turn to family finance
- Banking & Finance: Dubai raises further $5bn in bond sale
- Transportation: Shipping slump stops Bahrain's new port signing main liner
