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LONDON LISTING FOR OSN

Kipco to start pay-TV unit's IPO process in weeks

Kuwait, March 31, 2014

Kuwait Projects Company (Kipco), the country's largest listed investment company, said on Monday it planned to start the process for an initial public offer (IPO) of shares by its pay-television unit OSN within weeks.

Deputy chairman Faisal al-Ayyar said he hoped the bourse listing would be completed by the end of this year, and that he was looking at London as a primary listing for the firm.

"We start the process within a few weeks," Ayyar told reporters on the sidelines of Kipco's annual general meeting. "All things are tilted towards London, but not as GDR (global depositary receipt), as a primary listing," he said.

The OSN network operates in the Middle East and North Africa.-Reuters




Tags: IPO | Kuwait | pay TV | OSN |

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