GIH to manage Ithmaar's KSE listing
Kuwait, March 18, 2008
Global Investment House (GIH) will act as the listing advisor for Bahrain-based Ithmaar Bank, after receiving the initial approval to list a Bahraini company in the Kuwait Stock Exchange (KSE).
GIH is a full-fledged Kuwait-based investment company incorporated in 1998 which falls under the regulation of the Central Bank of Kuwait.
'Global considers the process of listing companies in the KSE as an integrated procedure that needs commitment to abide to all KSE requirements. This is in addition to the range of activities that facilitate tariff's on any investor to easily identify the listed company,' El Quqa, Global's vice president said.
GIH and Ithmaar Bank had signed an agreement six months back allowing the Kuwait-based group to manage all the procedures for its listing at the KSE.
'It is GIH's responsibility to follow the listing requirements and inform the pre-listed company the importance of revealing all information and its future relationship with its shareholders,' he added.
According to El Quqa, the relationship between the investor and the company will be based on concrete, transparent and accurate information.
The importance of any company to disclose its information to the general public is to broaden the base of shareholder, increase knowledge, reduce listing fees, and assist the company in financing its capital, he said.-TradeArabia News Service