Warba Bank plans to list on stock exchange

02/09/2013 07:32 AST

Warba Bank will reportedly list on Kuwait's stock exchange on 3 September, according to a report from Reuters.

Warba Bank will be listed on Kuwait's stock exchange after a restriction on public trading of the stock has ended; Reuters quoted an analyst and an industry source familiar with the matter as saying.

Shares in Warba bank are currently traded privately, on the secondary market and are expected to rise once listed on the exchange, reported the newswire.

"The value went up to 200 fils (0.2 dinars) per share in the grey market and it's expected to jump by 50 percent once listed on the exchange," Reuters quoted Fouad Darwish, Head of Brokerage at Global Investment House, as saying.


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