Mezzan Holding to sell 30% of shares in first Kuwait IPO since 2009
Mezzan Holding, a Kuwaiti producer and distributor of food and fast-moving consumer goods, said it would float 30% of its stock in an initial public offer, the country's first since the 2009 financial crisis.
Mezzan Holding applies for listing on the Kuwait Stock Exchange, plans to launch an offering of up to 88.95 million shares for 30% of the company
Mezzan Holding said it has filed an application with Kuwait's Capital Markets Authority to list on the Kuwait Stock Exchange following a secondary offering of 88.95 million shares, representing 30% of the company.
Kuwait's Burgan Bank says plans KWD21.6m rights issue
Burgan Bank, Kuwait's third-largest lender by assets, will launch a KWD 21.6 million (USD 74.8 million) rights issue by the end of 2014 pending regulatory approvals, it said in a bourse filing on Sunday.