Kuwait's CMA nods to National Industries’ $98.59mln bond issue prospectus

The company, dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), clarified that no financial impact shall be realised from the CMA’s approval on the prospectus

  
A Kuwaiti investor looks onto the trading floor at the Kuwait Stock Exchange in Kuwait City, Kuwait. Image used for illustrative purpose.

A Kuwaiti investor looks onto the trading floor at the Kuwait Stock Exchange in Kuwait City, Kuwait. Image used for illustrative purpose.

Getty Images/Graeme Robertson

Kuwait - The Capital Markets Authority (CMA) in Kuwait approved for the National Industries Group Holding, on 1 October, on the private offering prospectus for the issuance of up to KWD 30 million ($99 million) worth of bonds.

The company, dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), clarified that no financial impact shall be realised from the CMA’s approval on the prospectus.

In mid-September, the National Industries Group said that the CMA approved for issuing bonds with a tenor not exceeding five years starting from the issuance date.

Source: Mubasher

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