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Al Safat buys stake in Al Qudra

Al Qudra Holding, an investment company based in Abu Dhabi, has confirmed that Al Safat Investment Company of Kuwait has purchased a 10% stake in Al Qudra, reported Gulf News. Al Qudra chairman Salah Salem Bin Omar Al Shamsi said Al Safat bought 60 million shares from individual shareholders from the secondary market. No purchase price was given.