Middle East Economic Survey


No 49


QPIC IPO: MEES Outlines Structure And Finance Details

The launch of Qurain Petrochemical Industries Cos (QPIC) IPO is not only a milestone for Kuwaits capital markets but is of significance for development of the countrys energy industry because it shows that after a hiatus, the government is keen to step up private sector participation. MEESexamines the structure and financing of this landmark deal.

The offer of KD99mn worth of shares...