Viva Kuwait chairman says telco to list on December 14
This comes after nearly six years after mobile phone operator completed an initial public offer of shares
Dubai: Viva Kuwait, the country’s No 2 mobile phone operator by subscribers, will list its shares on the Kuwait Stock Exchange on December 14, nearly six years after it completed an initial public offer of shares, the company’s chairman said.
In a statement carried by Kuwait’s state news agency (KUNA), Adel Mohammad Al Roumi said the firm’s listing is an important strategic step towards its development, adding the company fulfilled all the technical and legal requirements to list.
Al Roumi added that the bourse is currently reviewing arrangements with parties connected to the listing, including taking the necessary precautions and procedures to ensure a seamless listing process. He did not elaborate further.
