By: Ahmad Awad
Kuwait-Mubasher: The new Kuwaiti bourse company will start handling operations of Kuwait Stock Exchange (KSE) on 25 April, 2016, said Capital Markets Authority’s chairman Nayef Al-Hajraf.
Al-Hajraf added that KSE will accomplish the privatization procedures and fully transfer its operations to the new company by the end of 2016.
The transfer process will happen through four stages which will end in December, 2016, the chairman noted on the sidelines of a press conference held on Sunday.
Al-Hajraf added that the ownership structure of the new company will be 50% for the citizens and 6% for the government, in addition to 44% for the global operator.
It is noteworthy that the capital of the new company stands at KWD 60 million.
