Viva Kuwait gets nod for local stock exchange listing

1 Sep 2014

Viva (Kuwait Telecom Company) is said to have received regulatory approval to list on the local stock exchange, almost six years after the company completed an initial public offering (IPO). According to Reuters, the company made the announcement in a market filing, although it has not specified when it expects to actually join the bourse.

As noted in TeleGeography’s GlobalComms Database, Viva previously staged an initial public offering (IPO) in July 2008, going on to raise KWD25 million (USD94 million) in a sale open to Kuwaiti nationals only. A commercial launch of GSM-900/1800 services across the capital Kuwait City followed on 3 December 2008.

Kuwait, STC Kuwait (formerly Viva)