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Kuwait’s NI Group is planning to acquire 100% of the capital shares of Bahrain’s Foulath Holding BSC Closed.
The board of NI Group, which manufactures building materials, will meet on Sunday to discuss a non-binding agreement to acquire the capital shares of Foulath, which owns Bahrain Steel.
NI Group’s ownership percentage will reach 10% subject to the offer.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
