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Thursday, 4 May 2017

Kuwait Energy seeking premium listing on LSE

Kuwait Energy is seeking a premium listing on the London Stock Exchange in a bid to fund growth across MENA, according to Reuters. The company will “apply for admission in June, hoping to achieve a sufficient free float to meet the eligibility requirements for a premium listing.” Kuwait Energy CEO Sara Akbar says the LSE is a “natural home for Kuwait Energy” and could provide “a stable platform from which to take the company to the next level of growth." Numis and Bank of America are joint global coordinators and EFG Hermes is bookrunner on the c. USD 150 mn IPO, Bloomberg notes.

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