Al-Saif Properties stays listed after Seif ECU deal
The article discussed the acquisition deal whereby "Seif Equity Growth Investment" purchased approximately 20.67% of "Al Seef Real Estate," with a plan to keep the company's shares listed on the market after the deal's completion. The transaction involved buying over 95 million shares valued at around 17.11 million Bahraini dinars, carried out in two phases. This will bring the acquirer's ownership to 50.07%, granting them control of the company and the ability to pass decisions independently. The agreement also ensures that the acquirer avoids mandatory market obligations to increase their stake above 30%, with approval from the Central Bank of Bahrain, and reflects an intention to support the company's growth and expand their investment share in the future.
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