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 (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
KINGDOM 7.87 0.13 (1.67%)
TADAWULGROUP 165.70 1.70 (1.03%)
BOURSA 3,810.00 18.00 (0.47%)
NIND 291.00 2.00 (0.69%)
GFH.KW 182.00 1.00 (0.55%)
AD Ports inks co-operation deal with Nigeria on ports, logistics

20/01/2026

AD Ports Group has announced that it has signed an agreement with Nigeria's Federal Ministry of Marine and Blue Economy to explore cooperation in ports, logistics, maritime services and digital trade

Trade Arabia

BAS renews IATA safety audit for ground operations certification

20/01/2026

Bahrain Airport Services (BAS), the leading aviation service provider in the kingdom, said it has recently renewed major international accreditations, including the IATA Safety Audit for Ground Opera

Trade Arabia

NMDC unit buys 51% stake in Spanish water specialist Lantania Aguas

20/01/2026

NMDC Group, an integrated energy, marine services and EPC major, said one of its key subsidiaries, NMDC Infra, has signed a strategic agreement to acquire 51% stake in Spanish group Lantania Aguas in

Trade Arabia

Emirates NBD issues Dh1 billion first-ever digital bond in MENA

20/01/2026

Emirates NBD has issued Dh1 billion in 3-year fixed-rate Digitally Native Notes (DNNs). This marks the first AED-denominated digital bond and the largest public digital bond in MENA, listed on Nasdaq

Gulfnews

e& and IBM unveil enterprise-grade agentic AI to transform governance

20/01/2026

Global technology group e& and IBM today announced a strategic collaboration to advance towards an enterprise-grade agentic AI foundation at e&, starting with policy, risk, and compliance.

Trade Arabia