Alghanim Sons Automotive Company lists on Boursa Kuwait
Boursa Kuwait on June 7 saw the listing of Alghanim & Sons Automotive Company, marking a milestone as the first family-owned automotive firm to be listed on an exchange across the Gulf markets.
The company stated that the public offering, which took place a few days earlier, was oversubscribed about 11 times, mirroring investors’ trust, reflecting the high demand during the subscription process on 45% of the company’s shares.
The company also stated that the official listing on the Kuwait bourse stems from its sense of responsibility as a leading company in the region in general, and in Kuwait specifically, which aims to adopt the principles of transparency and governance. It also seeks to expand its scope of work, which will contribute to creating unique employment opportunities for youth, while deploying the company’s considerable capabilities and exceptional cadres that represent a further driving force enabling it to fulfil its stated objectives.
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