Mubasher: Boursa Kuwait will hold an auction on Thursday, 28 December, to offer 4.48 million of Gulf Franchising Holding’s for sale.

This equity represents 13.785% of the company’s capital, according to a bourse statement on Thursday.

The premium price for selling this stake is 85 fils per share with a total value of about KWD 380,800.

Parties of this auction include Al Saham Al Mawasi for General Trading and Contracting as a seller and Mohammad Badr Manahi as a buyer.

Gulf Franchising’s capital stands at KWD 3.25 million distributed on 32.5 million shares.