Bloomberg/Raed Nasser

Economy

Group led by Kuwait's NIC wins tender to buy Kuwaiti bourse stake

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Kuwait’s Minister of Commerce and Industry said that the changes will give the private sector a larger role in developing the national economy.

Sunday 17, February 2019 BY KUDAKWASHE MUZORIWA

Kuwait’s National Investment Company, Arzan Financial Group as well as First Investment and the Athens Stock Exchange has won the tender to acquire 44 per cent of the Kuwait stock exchange, according to Kuwait National News Agency.

Khaled Al-Roudhan, the Minister of Commerce and Industry, said, “The move is a reflection of the huge strides Kuwait is taking to raise its global competitive index, improve its business climate and develop its efficiency in attracting foreign capital.”

The consortium offered 237 Kuwaiti fils per share for the stake purchase.

TAGS : National Investment Company, Arzan Financial Group, First Investment, Athens Stock Exchange, Boursa Kuwaiti

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