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Kuwait Telecom launches IPO
- Kuwait: Monday, August 25 - 2008 at 09:43
Kuwait Telecom Company has launched an initial public offering (IPO) selling half of the company's capital of 500 million shares to Kuwaiti citizens only for a nominal price of 100 fils plus a five fils premium per share, AFP has reported. The IPO is open until September 18 and is expected to raise KD26.25m.
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Medilyn Manibo, Assistant News EditorMonday, August 25 - 2008 at 09:43 UAE local time (GMT+4)
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