The Kuwait Stock Exchange will witness, today, Tuesday, the start of listing and trading the shares of Ali Al-Ghanim Sons Automotive Company; To be the first family company to be listed in the Kuwaiti market.
On this occasion, the company's CEO, Ali Al-Ghanim, told CNBC Arabia, that the liquidity collected in the IPO process will be allocated based on the company's directions. .
Al-Ghanim clarified that the profits will be distributed semi-annually to the new owners of the company.
The consortium of investment banks consisting of National Investments was the main coordinator and with the participation of the joint bookrunners, which included EFG Hermes Emirates Limited, KAMCO Investments and KFH Capital, announced the completion Successfully from the private placement process that precedes the listing of Al-Ghanim, one of the leading companies in Kuwait and the Gulf in the field of vehicles in Kuwait and the main distributor for a number of international brands in the markets of Kuwait, Iraq and Egypt.
