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Gulf Investment Fund PLC - Isle of Man-based investment fund focusing on Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Oman - Tenders 1.4 million shares, equal to 3.4% of its shares in issue as at October 3. Resulting post-tender offer share capital is 40.1 million shares, above the minimum size condition of 38.0 million shares. Says it will now either match buyers with shares tendered or allocate the assets and liabilities of the company between the continuing pool and the tender pool. Following this, the investment adviser will sell the assets in the tender pool, as required. Current stock price: $2.30 12-month change: up 7.5% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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