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Article: KFIC buys 5% in Danah Al Safat Foodstuff.

Article from:
ADP News Middle East & Africa
Article date:
June 25, 2009
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(ADPnews) - Jun 25, 2009 - Kuwait Finance & Investment Company (KUW:KFIC) has acquired a 5% stake in Kuwait-based fishing and food processing company Danah Al Safat Foodstuff (KUW:DANAHA), formerly United Fisheries of Kuwait, local Al Qabas daily reported yesterday.

The entire stake was acquired for an undisclosed sum through transactions on the Kuwait Stock Exchange (KSE).

The other major shareholders in Danah are local investment firms Al Safwa Group (KUW:ALSAFWA) with 44.4% and Al Safat Investment (KUW:ALSAFAT) with 7.1%. Danah has a capital of KWD 28.8 million (USD 100.1m/EUR 71.7m).

Danah (www.ufkonline.com) is engaged in fishing, trading ...

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