VOL. XLII

No 40

4-October-1999

KUWAIT

NI Group Plans $150Mn GDR Issue

Kuwait痴 National Industries Group (NI Group) awarded themandate on 21 September to ABN Amro, Kuwait Financial Center and Prime Corp. toact as global coordinators and managers for a global depositary receipt (GDR),according to a statement from NI Group. The GDR issue will be at least $150mnand is scheduled for the first quarter of 2000. The issue will be the first ofits kind in Kuwait, and according to NI Group will be the...