The chairman of Kuwait Portland Cement, Khaled Al Sager, has purchased 1.46m of the company’s shares on Wednesday, 6 September.

The total value of the purchased stake stood at KWD1.42m (US$4.71m) or 970 fils per share.

Portland Cement’s capital stands at KWD10.02m, which is distributed on 100.2m shares.

Kuwait Portland Cement Company is the third and final player on the Kuwaiti cement market with a 1Mta integrated plant in Shuwaikh.