Kuwait Energy, a privately-owned oil and natural-gas company operating in the Middle East and the former Soviet Union, may list shares exclusively in London after Qatar First Investment Bank bought a $16 million stake.
A date for the offering hasn’t been determined and advisers for the IPO haven’t been hired, chairman Manssour Aboukhamseen said at a press conference in Doha, Qatar.
“We hope before the end of the year” the IPO will take place, Sara Akbar, chief executive officer of Kuwait Energy, said.
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