Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) made an offer to acquire the remaining 53.54% stake in Al Kout Industrial Projects Company K.P.S.C. (KWSE:ALKOUT) for KWD 41.4 million on May 2, 2018. Boubyan will acquire the remaining shares of Al Kout at KWD 0.766 per share. The offer period will start from September 9, 2018 and end on October 10, 2018. As of September 5, 2018, the Board of Al Kout Industrial Projects Company K.P.S.C. considers the offer price unfair and the decision to sell stake remains with the shareholders. Baker Tilly acted as financial advisor to Al Kout Industrial Projects.

Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) completed the acquisition of 7.2% stake in Al Kout Industrial Projects Company K.P.S.C. (KWSE:ALKOUT) for KWD 5.6 million on October 10, 2018.