KUWAIT:
Boursa Kuwait announced the listing of Beyout Investment Group (BIG) Holding Company in its “Premier” Market, where the trading of the company’s shares are set to commence from the opening trade session of June 11, 2024 under the ticker symbol ‘Beyout’. The company will be included under the ‘Financial Services’ sector, bringing the total count of companies listed on the exchange to 146, with 34 in the “Premier” Market alone.
BIG Holding Company’s strategic decision to list 30 percent of its shares aims to diversify its shareholder base, strengthen the company’s governance structures, and broaden its network and visibility among its principal investors. This listing is also anticipated to yield substantial benefits for the Kuwaiti capital market by expanding the roster of listed companies, enhancing investment prospects, and encouraging further listings, which will reflect positively on the market and ultimately accrue benefits to investors.
Commenting on the listing, Boursa Kuwait’s Chief Executive Officer Mohammed Saud Al-Osaimi said: ‘Boursa Kuwait consistently seeks to attract substantive listings that enhance the stock market’s value, an effort that aligns with our strategic aim to cultivate a robust financial market renowned for its liquidity and integrity. Over the past few years, the exchange has worked closely with prospective listed companies, elevating our listing standards and criteria to suit a diverse range of businesses from multiple industries, with a particular focus on family-owned and public-private enterprises.’
“Boursa Kuwait is dedicated to reinforcing the strengths of the Kuwaiti capital market as a globally attractive investment destination while elevating its profile as a leading stock exchange in the region. These endeavors are instrumental in realizing the national vision of establishing Kuwait as a premier financial and investment hub in the Middle East,” Al-Osaimi added.
