Jazeera Airways upgraded to Boursa Kuwait's Premier Market
Kuwait’s Jazeera Airways has been upgraded to Boursa Kuwait's Premier Market after it exceeded the minimum liquidity and market capitalisation requirements over the past two years.
The budget airline is the only listed company to receive an upgrade on the Kuwait stock market, it said on Sunday.
“As the only company at Boursa Kuwait to offer investors access to the growing travel and aviation sector, the upgrade confirms the success of the company’s strategy and business model which positively contributes to the local economy,” Jazeera Airways chairman Marwan Boodai said.
The Premier Market includes listed companies that are relatively larger and more liquid.
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