Kuwait-listed Al Mal Investment Co. has sold a client’s stake in Hail Cement, the brokerage firm said in a bourse statement on Thursday.
The statement was issued in response to rumors on social media that the firm had sold its own stake in the Saudi-listed cement company.
Al Mal did not provide any information about the size of the stake sold or its value.
On Nov. 15, Al Mal Investment’s stake in Hail Cement declined to less than 5 percent from 5.87 percent, Argaam data showed.
Comments
{{DisplayName}}
{{ElapsedTime}}