Kuwait's Agility said on Thursday it was in preliminary talks about potentially investing into construction firm Kharafi National.
Agility, the Gulf's largest logistics firm, was reviewing all possible investment opportunities in the Kuwaiti company, it said in the bourse statement.
Owned by the wealthy Al Kharafi family, Kharafi National is one of the largest construction companies in Kuwait. It is involved in infrastructure project development in water, waste water treatment and district cooling among other services, according to its website.
It follows news that shares in Agility were suspended until the company responded to items published in news reports.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.