Global Investment House unit launches IPO
Kuwait: Tuesday, June 17 - 2008 at 13:41
An investment unit of Kuwait's Global Investment House plans to raise up to $500m by selling shares in an initial public offering. Global MENA Financial Assets is seeking to list the shares on the London Stock Exchange on or around July 18, according to a statement. Shares would be sold to 'institutional and professional' investors including Gulf markets. After the transaction is complete, Global MENA would take over eight private equity investments from Global Investment House.
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Jeff Florian, Senior ReporterTuesday, June 17 - 2008 at 13:41 UAE local time (GMT+4)
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