Kuwaiti telco looking to raise $93mn in IPO
Link: Kuwaiti telco looking to raise $93mn in IPO
Kuwait’s third mobile phone operator is looking to raise 25 million dinars ($93 million) in its initial public offering (IPO) next week, a member of the company’s founding committee said on Tuesday. Kuwait Telecommunications Co, which was given final approval by Kuwait’s cabinet last month, is selling 50 percent of its capital in the IPO open only to Kuwaiti nationals that starts on Aug. 24 and closes Sept. 18. Fuad Al-Hajeri said the company expects up to 700,000 Kuwaitis to buy shares in the company, newswire Bloomberg reported on Tuesday.
- This post has had 61 views and has no comments.
- Posted in category Mobile/Telco Islamic News. Here is the permalink.
(No Ratings Yet)
Loading ...
Trackbacks
Use this link to trackback from your own site.
