Kuwait Stock Exchange Plans Share Sale as Early as This Year - Bloomberg

Kuwait Stock Exchange Plans Share Sale as Early as This Year - Bloomberg:

"Kuwait, which was classified as an emerging market by index provider FTSE Russell in September, plans to sell a stake in its stock exchange as early as this year. The Capital Markets Authority is conducting studies for the initial public offering through the end of April, Vice Chairman Mishaal Al-Usaimi told Bloomberg TV. “From that we will have a very clear timeline taking us to the IPO, but we are hopeful that we will complete that by the end of the year.” Kuwait’s bourse is competing with Saudi Arabia’s to become the second in the six-nation Gulf Cooperation Council after the Dubai Financial Market PJSC to raise cash through an IPO. The nation expected inflows of hundreds of millions of dollars from investors after the FTSE upgrade, and while Al-Usaimi said interest in Kuwaiti stocks remains “buoyant,” he acknowledged that liquidity “remains an issue.”"



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