Boursa Kuwait plans to list 8 family-owned firms to expand trading.
23 February 2022, 12:00 AM
31 March 2022, 12:00 AM
Boursa Kuwait plans to list eight family-owned companies in an effort to expand trading, Boursa Kuwait CEO told Al Arabiya.
Boursa Kuwait reported a 5 percent increase in quarterly profit to $13.8 million. Annual profits for 2021 were $52 million, up 26.3 percent from $41.6 million the previous year.
The increase in net profit was attributed to the increased value of trading in 2021 in comparison to 2020 by more than 26.6 percent.
Mohammad Al-Osaimi said several companies are expected to list this year and family-owned companies are rearranging their investments for the purpose of listing in two years.
Several changes have been made to accommodate two different types of businesses to meet the needs of family-owned operations and public-private partnerships, Al-Osaimi said.