Date

:

15-04-2021

View PDF File

Al-Imtiaz Investment Group Company has invested in COFE District Limited Co. which operates in the technology sector with an amount of 10 million US dollars (about 3 million Kuwaiti dinars) through a capital increase, whereby Al-Imtiaz shall own 25% of the company’s capital. The company owns a marketplace platform “COFE” specialized in food and beverages with operations in GCC and some MENA and European countries. 

In addition, and as part of the transaction Al Imtiaz shall also own 25% of District General Trading Company which operates in Kuwait and GCC.

The investment will be recorded in Al-Imtiaz financial statements in the second quarter of year 2021.