Ikarus to list on Kuwait bourse - Emirates24|7

Ikarus to list on Kuwait bourse


Kuwaiti petrochemical company Ikarus said it would list its shares on the Kuwaiti stock market on Monday.

The company had sold shares worth 75 million dinars ($282.5 million) ahead of the listing, according to its prospectus.

Ikarus's biggest shareholder is Kuwaiti industrial conglomerate National Industries Holding Group with a 48.5 per cent stake, according to the prospectus.

Ikarus, which is a shareholder in petrochemicals firm Saudi International Petrochemical Co (SIPCHEM), said in March it was considering energy investments of about $200 million in Singapore and India, with investment firm Noor Financial Investment Co. (Reuters)