Kuwait-listed financial services group Global Investment House, has said it will offer $1bn (â¬630m) worth of global depositary receipts on the London Stock Exchange, becoming first company from the country to do so.
The group said it intends to issue up to 35% of its share capital to institutional investors at 930 fils per share. HSBC is sole global co-ordinator on the deal and is a joint bookrunner along with, Deutsche Bank, JP Morgan and UBS.
