The "energy operation" seeks a rare proposal on the Kuwait Stock Exchange

Action Energy Co. plans to place a preliminary general in Kuwait, which represents the first insertion of a power business in the oil state since 2008, according to people who are familiar with the matter. Each of the ‘national investments’ and the ‘Financial Group Hermes’ advises the agreement, which could take place this year, according to the people who asked not to reveal their identity due to the privacy of information. Added that the company could start the first meetings with investors next September. Final decisions have not yet been made on the inclusion. Representatives of the “Energy Operation”, “National Investments” and “Hermes” rejected the comment. The ‘energy operation’ was founded in 2014 and is owned by the ‘Holding Group’, and offers orchard services and oil fields in Kuwait. The scarcity of subscriptions in Kuwait forms any rare agreement in one of the calm wave markets in the field of new induction. Unlike Saudi Arabia and the UAE, which have seen many suggestions over the past four years, Kuwait has only seen a limited number of primary public subscriptions. The ‘Holding Investment Homes Group’ raised about $ 146 million from a launch last year, after the company ‘Ali Al -Ghanem and its children for cars’ were recorded at a value of $ 32 million in 2022. The Kuwaiti “Trolly” chain also plans for a preliminary public offer, which reported “. The most important indicator in Kuwait was one of the best performance in the region, immediately after Dubai. The two indicators have withdrawn for a short period after the escalation of the conflict between Israel and Iran, but they quickly instead of these losses and are now approaching new record levels. The investors returned to the religious market and flowed to the Kuwaiti Stock Exchange in light of the steps taken by the land of the land, Sheikh Misaal Al -Ahmad Al -jaber Al -Sabah, in May 2024 to break the state of political stalemate, including the suspension of the work of parliament. It paved the way for prolonged economic and financial reforms. The state of Kuwait, a member of the OPEC, agreed in March that a new debt law is aimed at reopening the international bond markets for the first time since 2017. The government has already started sending requests for banks to collect about $ 6 billion in global debt markets. Read the details: Kuwait addresses banks in preparation for the sale of $ 6 billion to bonds over decades, Kuwait, which has a sovereign fund worth a trillion dollar, was characterized by a political structure that has joined a chosen parliament and a government that has often led to a legislative stalemate. In the past, this has led to the delay of major laws, such as the Public Religion Act, which forced the government to rely on the public reserve fund to cover the budget deficit.