Kuwait Energy Plans IPO

摘要

Kuwait Energy Co. is plan-ning to launch an initial public offering (IPO) within nine months, aecording to company officials.The IPO had been planned for year-end 2010, but was delayed based on weak global market conditions. Shareholders also have approved a plan to increase its authorized share capital through a rights offering. Kuwait Energy's capital will rise to 127-million dinars from 103.6-million dinars after the rights issue of 198.3-million shares at 155 fils per share.