KuwaittolaunchIPOonpublic-privatepartnershipproject-GlobalTimes

load_file(“/includes-n/article_top.html”);load_file(“/includes-n/float_share.html”);WORLD / MID-EASTKuwait to launch IPO on public-private partnership projectBy AgenciesPublished: Sep 30, 2019 02:11 PMload_file(“/includes-n/article_share.html”);Officials attend a press conference in Kuwait City, Kuwait, Sept. 29, 2019. Kuwait will launch the initial public offering (IPO) of 50 percent equity stake on a Public-Private Partnership (PPP) project, the Kuwait Authority for Partnership Projects (KAPP) said on Sunday. (Photo: Xinhua) Kuwait will launch the initial public offering (IPO) of 50 percent equity stake on a Public-Private Partnership (PPP) project, the Kuwait Authority for Partnership Projects (KAPP) said on Sunday.Mutlaq Al-Sanei, general manager of KAPP, said at a press conference that Shamal Azzour Al-Oula is the first company to be established as a Public-Private Partnership project and the first PPP to be offered for public subscription.The public subscription period will open for 60 days, starting from October 1, 2019 to November 29, 2019, he noted.Once the transaction concludes, and depending on the final level of demand, up to 50 percent of Shamal Azzour Al-Oulas shares will be owned by Kuwaiti citizens, he said.The remaining 50 percent will continue to be owned by current shareholders, he added.The public offering is mandated by Laws, which form an integral part of an overarching governmental effort to include citizens in the ownership of megaprojects that are offered to private-sector institutional investors, he said.Shamal Azzour Al-Oula is the owner and operator of Az-Zour North One Power and Water Plant, a gas-fired combined cycle power and water desalination plant of Kuwait.The facility commenced commercial operations in November 2016 and currently supplies about 10 percent of Kuwaits installed power generation capacity and about 20 percent of the countrys installed water desalination capacity.load_file(“/includes-n/article_share.html”);RELATED ARTICLES Chinese cultural show staged in Kuwait to celebrate 70th anniversary of PRC foundingA Chinese artist performs during a Chinese cultural and folk art show in Hawalli Governorate, Kuwait, on Sept. … Chinese companies in Kuwait hold marathon to mark PRC founding anniversaryChinese companies in Kuwait held on Friday a marathon in Kuwait City, capital of Kuwait, to mark the …load_file(“/includes-n/article_most_view.html”);var wxs = (function() {return navigator.userAgent.toLowerCase().indexOf(micromessenger) !== -1})();if (!wxs) {/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var disqus_shortname = globaltimes; // required: replace example with your forum shortnamevar disqus_identifier = 1165911;/* * * DONT EDIT BELOW THIS LINE * * */(function () {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = https:// + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();}Please enable JavaScript to view the comments powered by Disqus.blog comments powered by Disquswindow._taboola = window._taboola || [];_taboola.push({mode: thumbnails-a,container: taboola-below-article,placement: below article,target_type: mix});load_file(“/includes-n/footer.html”);load_file(“/includes-n/addthis.html”);

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