|17 February, 2019

IPO of remaining 50% of Kuwaiti bourse seen in Q4 2019 or Q1 2020 - official

A consortium led by Kuwait's National Investment Co. won a tender to acquire 44% of the Kuwait stock exchange

Image used for illustrative purpose. Stock traders watch the Kuwait Stock Exchange trading floor in Kuwait September 13, 2005.

Image used for illustrative purpose. Stock traders watch the Kuwait Stock Exchange trading floor in Kuwait September 13, 2005.

REUTERS/Stephanie McGehee

KUWAIT - The initial public offering for the remaining 50 percent of shares in the Kuwaiti bourse will take place in the fourth quarter of 2019 or the first quarter of 2020, said Abdulaziz AlMarzouq, commissioner of the Capital Markets Authority and vice chairman of the bourse's privatization committee.

On Thursday, a consortium led by Kuwait's National Investment Co. and including the Athens bourse won a tender to acquire 44 percent of the Kuwait stock exchange.

(Reporting by Ahmed Hagagy; Editing by Mark Potter) ((Nafisa.Eltahir@thomsonreuters.com;))

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