Qurain Petrochemical Industries Company K.S.C.P. (KWSE:ALQURAIN) agreed to acquire 21.7% stake in Al Kout Industrial Projects Company K.P.S.C. (KWSE:ALKOUT) for KWD 15.5 million on January 29, 2018. Under the transaction, Qurain Petrochemical Industries will acquire between 20% to 30% stake in Al Kout Industrial Projects Company. In this transaction, Qurain Petrochemical Industries Company will acquire 21.9 million shares at an initial auctioned price of KWD 0.71 per share. The transaction was approved by the Board of Qurain Petrochemical Industries.

Qurain Petrochemical Industries Company K.S.C.P. (KWSE:ALQURAIN) cancelled the acquisition of 21.7% stake in Al Kout Industrial Projects Company K.P.S.C. (KWSE:ALKOUT) on January 29, 2019.