By Ahmed Awad
Kuwait – Mubasher: Kuwait’s Al Salam Group Holding will offer depository receipts on Cairo bourse before the end of April, informed sources told Mubasher.
Earlier, Kuwait’s Capital Markets Authority approved the company’s request for EGX listing, stipulating that the amounts offered on DFM and EGX may not exceed 40% of the company’s capital.
Al Salam secured all the required approvals for listing its depository receipts on EGX, to be the the second company following Orascom Development Holding trading on the local bourse through depository receipts.
The first Arab and Kuawiti company on EGX operates with KWD27 million, over 270 million shares at a par value of 100 fils each.
Translated by Ahmed El-Sayed Ali
