Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent
This is a significant milestone for EFG Hermes, as it’s the firm’s first IPO on Boursa Kuwait where it has acted as a joint bookrunner for the offering
The company will sell a 45 per cent stake in the listing
The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year
The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait
The highest ranked Arabs originating from Kuwait in Gulf Business’ annual Arab power list
Boursa Kuwait joins Dubai Financial Market and Tel Aviv Stock Exchange as publicly traded regional exchanges
Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019