Kuwait – Mubasher: Al Salam Group Holding, which is listed on Kuwait and Dubai, said Wednesday it obtained the approval of Kuwait’s Capital Markets Authority on its request to list on the Egyptian Exchange.
The Kuwaiti market regulator stipulated that the shares listed on Dubai Financial Market and to be floated on Cairo bourse must not exceed 40% of the company’s capital.
In July, 2015, Al Salam said it secured all the required approvals for listing its depository receipts on EGX, to be the first Arab and Kuwaiti company to list on the Egyptian market.
