Friday 15 February 2019

Group led by #Kuwait's NIC wins tender to buy Kuwaiti bourse stake | ZAWYA MENA Edition

Group led by Kuwait's NIC wins tender to buy Kuwaiti bourse stake | ZAWYA MENA Edition:

A consortium led by Kuwait's National Investment Co has won the tender to acquire 44 percent of the Kuwait stock exchange, NIC's chairman said on Thursday.

"The winner is the private sector, the investors and the listed companies, all the ideas we said about developing the bourse will be implemented," Hamad al-Omairi told Reuters.

The consortium, which includes Athens Stock Exchange, Arzan Financial Group and First Investment, offered 237 Kuwaiti fils per share for the stake purchase, he said.

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