Kuwait regulator moves ahead with planned listing of Boursa Kuwait

Kuwait’s market regulator, the Capital Markets Authority, is putting its 50 per cent stake in Boursa Kuwait, one of the Arab world's oldest stock exchanges, up for sale on Tuesday when it opens subscription for an initial public offering. The offer price is 100 fils (Dh1.20) per share and the subscription, which is limited to Kuwaiti nationals, will remain open for three months until December 1, the CMA said in a statement on Monday. The opening...