Middle East Economic Survey
VOL. XLVIII
No 50
12-December-2005
KUWAIT
Al-Sour Fuel Marketing Company To Launch $78Mn IPO
Kuwaits Al-Sour Fuel Marketing Company on 11 December will launch a $78mn initial public offering (IPO) through which it will offer 76% of its shares while the remaining 24% are retained by state-owned Kuwait Petroleum Corporation (KPC). A total 228mn shares are on offer and the IPO will close on 29 December. Al-Sour is Kuwaits second private petroleum firm and has a paid up...
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