13/04/2017 05:23 AST

Kuwait's Alimtiaz Investment Group has raised $120 million from the sale of a 10 percent stake in education provider HumanSoft Holding which it plans to reinvest, Chief Executive Nawaf Marefitold Reuters. It plans to use the money to invest in sectors including education, healthcare and real estate, he said.

Citigroup and EFG Hermes acted as joint bookrunners on the deal, which cut the sharia-compliant investment company's stake in HumanSoft to 10 percent, the parties said in a joint statement. The buyers were institutional investors including regional sovereign wealth funds and other funds. HumanSoft establishes and manages private universities and colleges in Kuwait and internationally


Arab Times

Ticker Price Volume
ALIMTIAZ Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Ticker Price Change
KINGDOM 7.76 0.17 (2.23%)
TADAWULGROUP 192.40 2.50 (1.31%)
BOURSA 4,025.00 -75.00 (-1.83%)
NIND 281.00 1.00 (0.35%)
GFH.KW 185.00 0.00 (0.00%)
Qatar National Bank launches first-of-its-kind Boat Finance

12/11/2025

QNB has launched Boat Finance, a bespoke loan to finance boats up to QR2mn, offering an exclusive interest rate of 3.45% per annum (equivalent to 1.85% flat rate).

The loan finances both new

Gulf Times

Dubai Taxi Company posts 28% surge in Q3 on strong mobility demand

12/11/2025

Dubai Taxi Company PJSC (DTC) reported a robust third-quarter performance, with net profit jumping 28 per cent year-on-year to Dh76.4 million, driven by higher trip volumes and sustained demand acros

Khaleej Times

Agility Global Q3 profit up 21% on strong logistics demand

12/11/2025

Agility Global, a multi-business owner, operator and investor, has reported a 21.1% rise in third-quarter EBIT which rose to $126.7 million, boosted by the completion of Menzies Aviation's acquisitio

Trade Arabia

Aramco executives stress AI's impact on materials science

12/11/2025

Senior Aramco executives have highlighted the transformational potential of artificial intelligence (AI), its role in overcoming long-established issues related to corrosion - and possibilities it pr

Trade Arabia

AD Ports group charts course for hybrid human-AI workforce

12/11/2025

In a move that signals a major shift in how industries approach talent, technology, and productivity, AD Ports Group has unveiled a visionary blueprint that reimagines the global workforce for the er

Khaleej Times