NBK Capital, IHC announce closing of private placement of 35% of capital | ZAWYA MENA Edition

NBK Capital, IHC announce closing of private placement of 35% of capital | ZAWYA MENA Edition:

"Watani Investment Company (NBK Capital) and Integrated Holding Company (IHC), the largest crane operator in the Middle East focused on the oil, gas and energy sectors, announced the successful closing of the private placement of 35% of the company’s capital, with over-subscription exceeding 230%. Led by Watani Investment Company (NBK Capital) as the Lead Manager, the private placement of around 76 million shares of Integrated Holding Company was undertaken at a price of 730 fils per share and raised more than KD 130 million. The number of investors in the private placement exceeded 1,000, making the company eligible to list on Boursa Kuwait’s premier market. The listing of the company will provide an opportunity for investors to participate in one of the most promising sectors locally and globally. This was announced during a press conference jointly organized by NBK Capital and Integrated Holding Company to announce the successful closing of the private placement of secondary shares of Integrated Holding Company in preparation for listing on Boursa Kuwait’s premier market. "



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