The Middle Eastern financial backers of plans for a Paramount resort in Kent have expanded their interests in the UK after buying shares in a City stock broker.

Kuwaiti European Holdings Group (KEH) has bought 23.1% of the shares in WH Ireland, one of London’s best-known brokers and wealth managers, the company confirmed on Monday.

The firm is owned by Dr Abdullah Al-Humaidi, a member of one of Kuwait’s richest families, who is also chairman and owner of Ebbsfleet United Football Club.

Richard Killingbeck, chief executive of WH Ireland, said the he is looking forward to working with KEH Group to accelerate growth opportunities at the company.

He said: “The board and I are very pleased to welcome our new shareholder in WH Ireland.

“KEH Group has an exciting plan for growth within its existing financial services companies in the Gulf states and the UK.

“WH Ireland expects to be able to help support this growth from both of its divisions and to benefit from the financial resources within KEH Group to develop and accelerate growth plans at the company.”