Kuwait utility’s IPO expected in 3 months

Kuwait: Kuwait plans to begin selling shares in its Az Zour North Independent Water & Power Project to the public in three months time, a Kuwaiti official told Reuters on the sidelines of a conference on Wednesday.

“We are waiting for the regulators’ approval of the prospectus [in a month]. Two months after the approval, the subscription will start according to the law,” said Mutlaq Al Sanei, who heads the Kuwait Authority for Partnership Projects.