Global Investment House successfully lists Global Depositary Receipts on LSE

The London markets were opened by Mr. Omar El-Quqa, Executive Vice President of Global. The welcome ceremony was hosted by Baroness Cohen, Non-Executive Director at LSE, along with other senior members of the Exchange.

Omar El-Quqa said: "This is an exciting day for Global and we are proud to be the first Kuwaiti company to list GDRs on the London Stock Exchange. I would like to thank everyone for their interest in Global. We have been able to add a respected international institutional investor base to our shareholders which will help us maintain our leadership position."

Global is also listed on the Kuwait Stock Exchange, Bahrain Stock Exchange and the Dubai Financial Market.

Global raised $1.15bn by issuing Global Depository Receipts.

The company has a market cap of over $5bn - making it the largest private sector investment company in the entire GCC and broader MENA region.

Global has become the 34th company from the Middle East to list on the Exchange and the fifth this year.

HSBC was appointed as sole global coordinator and Deutsche Bank AG, London Branch, HSBC, JPMorgan and UBS Investment Bank were appointed joint bookrunners for the Offer. Global acted as co-lead manager.