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Kuwait’s Capital Markets Authority (CMA) will launch an initial public offering of its 50 percent stake in Boursa Kuwait to citizens on October 1.
The subscription period will be open for 3 months, from October 1 to December 1, 2019, with an offer price of 100 Kuwait fils per share. The number of shares offered is close to 100.39 million shares.
The CMA’s 50 percent stake will be offered to the public to complete the privatisation process of the company.
(Writing by Gerard Aoun, editing by Seban Scaria)
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