First Trading & Contracting Group Co. made an offer to acquire Al-Bareeq Holding Co. (K.S.C.P.) for KWD 1.5 million.
Protiviti stated that the offer price is unfair. Accordingly the Al-Bareeq's Board of Directors decided to issue a recommendation mentioning that the offer's price is unfair. However, the Board of Directors's recommendation wasn't obligatory and subject to shareholders meeting approval. Al-Bareeq's shareholders approved the transaction on November 16, 2014. As of November 20, 2014, Capital Market Authority postponed the procedures of formulating the acquisition. Protiviti Inc. acted as an accountant for Al-Bareeq Holding Co.