Kuwait – Mubasher: Al Imtiaz Investment Group has signed contracts to sell 10% of Human Soft Holding, equivalent to 12.2 million shares, according to a bourse filing.

Al Imtiaz will generate profits of KWD 30.4 million ($99.5 million) to be registered in the company’s second-quarter financial statements.

The company’s stock rose 1.11% to 182 Kuwaiti fils by 9:05am Kuwaiti time, generating KWD 852,140 from the exchange of 4.7 million shares.