Middle East Economic Survey

VOL. XLIX

No 5

30-January-2006

KUWAIT

KAMCO, IFIC Launch Offering Of 17Mn Shares In NAPESCOKuwait-based KIPCO Asset Management Company (KAMCO) and Industrial and Financial Investment Company (IFIC) announced on 22 January the offering of 17mn newly-issued shares for National Petroleum Services Company (NAPESCO). NAPESCOs General Assembly decided on 30 November 2005 to increase the companys capital from KD3.6mn ($12.33mn) to KD7mn ($23.97mn) by issuing 34mn new shares,...