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Monday , October 21 2019

‘Subscription in 50% of stock exchange capital to be offered’

KUWAIT CITY, Feb 13: Sources in the Capital Markets Authority told the Al-Jarida daily that the citizens will be offered subscription in the remaining 50% of the stock exchange capital next September, in order to take the procedures and measures related to the subscription, the agreement with the sales agents, and the subscription mechanism. It is known that the capital structure will be 44% for the winning alliance with the global operator, 6% for the government, and 50% for the citizens.

The sources pointed out that the file of financial bids for the stock exchange was settled and bids were officially in the custody of the Privatization Committee, confirming that the National Investment Alliance and the Athens Stock Exchange offered their tender, and the alliance of the Commercial Bank and the Madrid Stock Exchange bid on Sunday.

Sources said that each of the two alliances had a definite desire to win the bid quota of 44%, so it is natural that the bids are a record for a profitable company, and will be for years a unique company in the local market, and technical factors are available unless available to others in the future.

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