Boursa Kuwait IPO gets CMA nod, set for Q4 launch | ZAWYA MENA Edition:
Kuwait’s Capital Markets Authority (CMA), the regulatory body for securities and current owner of 50% of Boursa Kuwait Securities Company (Kuwait’s only stock exchange operator), today (August 31) announced plans to launch an initial public offering (IPO) of its shares in the exchange during the fourth quarter of 2019.
The IPO is the second and final phase of the privatization process of Boursa Kuwait and follows the sale of 44% of the company to strategic investors in February 2019. Upon conclusion of the transaction, 94% of Boursa Kuwait will be owned by private investors (corporate and individual investors).
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