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Wafra International Investment Company confirmed the reduction of its direct stake in Sanam Holding Group, listed on the Kuwait Stock Exchange, to 8.33%, compared to 9.06% in the previous disclosure, a decrease of nearly 1.7 million shares.
The company said that the ownership of "Wafra for International Investment" fell from 20.98 million shares to 19.28 million shares, a decrease of 0.73 percentage points, according to a disclosure from the company to the Kuwait Stock Exchange, on Tuesday.
The paid-up capital of SANAM Holding is KD 23.15 million distributed over 231.53 million issued shares worth 100 fils per share
According to the disclosure, the aim of the acquisition of the share is still short-term, unchanged from the previous target announced in the disclosure of September 23, 2026, and the paid-up capital of "Snam Holding" is 23.15 million dinars, distributed over 231.53 million shares issued, with a nominal value of 100 fils per share, and "Deira Holding Group" owns 19.22% of "Snam Holding", while "Wafra" owns 8.33%.
It is noteworthy that "Sanam Holding" achieved profits of 970.07 thousand dinars, during the first half of the current year 2026, an increase of 159.74% from its level of 373.48 thousand dinars in the same period of 2025.
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