Doha, February 16 (QNA) - Al Mahhar Holding Company (a Qatari public shareholding company) announced the completion of the sale of its 49 percent stake in Al Mahhar Al Kuwaitiyya for Light and Heavy Equipment and Machines W.L.L., pursuant to the authority granted by the Extraordinary General Assembly held on Dec. 17, 2025.

In a statement published on the Qatar Stock Exchange website today, Al Mahhar Holding confirmed that this transaction is part of the restructuring of its operations in Kuwait, where its operational activities have been consolidated into Petrotec Kuwait.

The statement added that the company will continue its participation in the Kuwaiti market by retaining its 49 percent stake in Petrotec Kuwait.

It is worth noting that Al Mahhar Al Kuwaitiyya was established in 2019 and provides repair and maintenance services for light and heavy equipment, in addition to operating metal workshops, automation work, and trading in construction and civil engineering equipment, as well as equipment for the oil and gas sector. (QNA)