Viva Kuwait shares officially listed on local bourse

15 Dec 2014

Telecoms operator Viva (Kuwait Telecom Company) has officially begun trading its shares on the local stock exchange, Albawaba reports. As previously noted by TeleGeography’s CommsUpdate, the operator received regulatory approval from Kuwait’s Capital Market Authority (CMA) to list on the local stock exchange in September 2014, almost six years after it completed an initial public offering (IPO), which raised KWD25 million (USD94 million) in a sale open to Kuwaiti nationals only.

Viva’s chairman, Adel Mohamed el Roumi, commented: ‘Listing the company’s stocks on the Kuwait Stock Exchange (KSE) is a milestone for our board members, executive management, and each of our employees. It is a pivotal point that reflects Viva’s strategic direction of continued expansion and growth as the confidence of various shareholders and investors is gained.’

Kuwait, STC Kuwait (formerly Viva)