Kuwait launches OTC platform for trade in unlisted companies' shares - The National:
Boursa Kuwait, the region’s fourth-biggest equities exchange by market capitalisation, on Sunday launched an over-the-counter trading platform, becoming the first Arabian Gulf exchange to offer stocks of unlisted companies.
The bourse, which is implementing structural reforms and widening its product offerings to attract more investors, has developed the OTC platform to “serve investors looking to trade in unlisted securities, with a main focus on creating a new, credible and transparent investment system”, the exchange said on its website.
“[It] gives small companies and start-up businesses that do not qualify for listing in the official market the opportunity to grow, and simplifies procedures”.
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