Browse related articlesKuwait Telecom to launch IPO
Kuwait: Wednesday, August 20 - 2008 at 08:54
Kuwait Telecommunications Co is seeking to raise $93m in an initial public offering next week, reported Bloomberg. The company, in which Saudi Telecom Co. will hold a 26% stake, is selling 50% of its capital in the IPO which closes Sept. 18. Fuad al-Hajeri, a member of the company's founding committee, said he expects up to 700,000 Kuwaitis to buy shares in the company. ''We're selling 250 million shares at 100 fils each, with 5 fils for service fees
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Jeff Florian, Senior ReporterWednesday, August 20 - 2008 at 08:54 UAE local time (GMT+4)
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