Financial and Banking News
Commercial Facilities Company Share Offer Five Times Oversubscribed
The public share offering for Kuwait's Commercial Facilities Company (CFC),the first public share offer in Kuwait for over a decade, was five timesoversubscribed when it closed on 22 September. Thirty million shares previously owned by the state-owned Kuwait Investment Authority (KIA) wereavailable, representing about 17% of the total registered. KIA's...