Al-Muhaidib Holding has changed the objective of its stake in Mashaer Holding, listed in the real estate sector on Boursa Kuwait, from "long-term investment" to "exiting the investment", according to the company's disclosure to Boursa Kuwait. The change took effect on 9 November 2026.
Al-Muhaidib Holding owns 11,102,283 shares in Mashaer Holding, a 6.8% stake. Both the share count and the ownership percentage were the same before and after the change. The disclosure covers only the change in the ownership objective and does not involve any sale or purchase of shares.
The company had previously disclosed its interest in Mashaer Holding, with long-term investment as its objective, on 27 December 2011. That disclosure was filed on paper.
The form states there was no change in shares held directly by the beneficial owner or through investment portfolios or electronic trading accounts. It also reports no change in voting rights arising from agreements, pledged shares, options or futures.
The form was signed by Essam Abdulkader Al-Muhaidib, Member of the Board of Managers of Al-Muhaidib Holding, on 9 November 2026.
