KFIC shares to start trading from today

Dubai Financial Market (DFM) yesterday announced the listing of Kuwait Finance and Investment Company (KFIC), incorporated in Kuwait. Shares will begin trading today under the trading symbol "KFIC".

The listing of ordinary shares of KFIC was finalised and approved by DFM in collaboration with the Securities and Commodities Authority.

KFIC will be the 62nd public joint stock company listed on the DFM.

Dual listing the company's shares on the Kuwait Stock Exchange and DFM will give UAE investors greater access to Kuwait Finance and Investment Company's shares and enhance their ability to trade them, said a statement.

The company's authorised capital and paid-up capital is KWD 41.9 million (Dh566m. The company has issued 419,309,704 shares, with each share valued at a par value of Kuwait 100 fils.