Latest Developments on the Merger Transaction Between The Securities House and Al Aman Investment Co

  1. The board had discussed independent investment advisor report Protiviti Member Firm Kuwait, including his opinion concerning the asset valuation report prepared by prepared by the independent advisor BDO Al Nisf & Partners and concerning shares swap rate in the context of the envisaged merger with Al Aman Investment Co. the board had approved the advice prepared by the investment advisor and the asset valuation report, whereby the swap rate is 1.4 share of The Securities House shares for each share of Al Aman investment Co, such approval is subject to regulatory authorities and AGM approvals
  1. The board had also delegated the executive management to complete all necessary procedures concerning the merger transaction in cooperation with Al Aman Investment Co which includes filing of the draft merger contract along with the Investment Advisor report to CMA once being finalized.