Kuwait says stock market offering for first PPP project in Q1 2018 – Nasdaq

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Reuters


KUWAIT, Sept 11 (Reuters) – Kuwait said on Monday that it is expected to offer shares of its first public-private partnership project to investors on the Kuwait stock exchange in the first quarter of 2018.

The Kuwait Authority for Partnership Projects (KAPP) said it had appointed an NBK Capital-led consortium as the advisor and offering manager for the distribution and transfer of shares in Shamal Azzour Al-Oula, which are currently held by KAPP, to Kuwaiti citizens.

Shamal Azzour Al-Oula is the owner and operator of Kuwait’s first and only independent power and water plant.