Kuwait hires TICG to advise on bourse listing- regulator | ZAWYA MENA Edition:
"Kuwait has hired Tri International Consulting Group (TICG) to advise on the initial public offer of shares in the operator of its stock exchange, the capital markets regulator said on Monday. TICG is a joint venture between sovereign wealth fund Kuwait Investment Authority (KIA), the Kuwait Fund for Arab Economic Development, and international consulting firm Oliver Wyman. Kuwait has been considering an IPO of its stock market for years, but political infighting and an entrenched bureaucracy have held up the process. Dubai's bourse is currently the only listed stock exchange in the Gulf region. The Kuwaiti bourse, with a market capitalisation of about $90 billion, is one of the oldest in the Middle East. Established officially in the early 1980s, it has seen the number of companies shrink in the past few years as dozens have been delisted. "
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