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...