NO. 52


Financial and Banking News

Capital Markets

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...