Qurain Petrochemical Industries Company K.S.C.P. (KWSE:ALQURAIN) made an offer to acquire additional 9% stake in Advanced Technology Company K.S.C.P. (KWSE:ATC) on November 11, 2021. As on February 21, 2022, the transaction has approved by Capital Markets Authority.

Qurain Petrochemical Industries Company K.S.C.P. (KWSE:ALQURAIN) completed the acquisition of additional 9% stake in Advanced Technology Company K.S.C.P. (KWSE : ATC) for KWD 6.8 million on June 19, 2022. Following the acquisition, Qurain Petrochemical's stake in ATC increased from 29.50% to 38.50%.