Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) signed a letter of intent to acquire a 33% stake in Educational Holding Group K.S.C.P. (KWSE:EDU) from Nafais Holding Company K.S.C.P. (KWSE:NAFAIS) for KWD 24.2 million on March 14, 2017. Under the terms of the transaction, Bouyban acquired a 33% stake in Educational Holding for KWD 0.3 per share. As of May 2, 2017, Boubyan Petrochemical signed an agreement to acquire a 33% stake in Educational Holding Group from Nafais. The transaction was approved by Nafais Holding's Board on March 20, 2017.

Boubyan Petrochemical Company K.S.C.P. (KWSE:BPCC) completed the acquisition of a 33% stake in Educational Holding Group K.S.C.P. (KWSE:EDU) from Nafais Holding Company K.S.C.P. (KWSE:NAFAIS) on May 18, 2017.