MIDEAST STOCKS-Kuwaiti Kharafi-linked stocks slip on Americana sale collapse | Reuters:
"Shares in Kuwaiti companies linked with the al-Kharafi family tumbled on Sunday after the multibillion-dollar sale of another Kharafi-controlled business was scrapped.
Investment company Adeptio had agreed in February to buy 69 percent of Kuwait Food Co (Americana) from Al Khair for Stocks and Real Estate, which is run by the wealthy Kharafi merchant family, but Al Khair announced on Sunday that the plans have been scrapped.
Americana's shares were suspended ahead of the market open and have yet to resume trading, but other Kharafi-linked stocks plunged."
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