Boursa Kuwait Welcomes Beyout Investment Group Holding Company to "Premier" Market

Boursa Kuwait announced the listing of Beyout Investment Group (BIG) Holding Company in its "Premier" Market. Trading of the company's stocks will commence from the opening trade session on 11 June 2024 under the ticker symbol 'Beyout'. BIG will be listed under the 'Financial Services' sector, increasing the total number of companies listed on the exchange to 146, with 34 in the “Premier” Market.

BIG Holding Company’s strategic decision to list 30% of its shares aims to diversify its shareholder base, strengthen its governance structures, and broaden its visibility among principal investors. This listing is anticipated to yield substantial benefits for the Kuwaiti capital market by expanding the roster of listed companies, enhancing investment prospects, and encouraging further listings, ultimately benefiting investors.

Commenting on the listing, Boursa Kuwait’s Chief Executive Officer, Mr. Mohammed Saud Al-Osaimi, said, "Boursa Kuwait consistently seeks to attract substantive listings that enhance the stock market's value. This effort aligns with our strategic aim to cultivate a robust financial market renowned for its liquidity and integrity. Over the past few years, the exchange has worked closely with prospective listed companies, elevating our listing standards and criteria to suit a diverse range of businesses from multiple industries, with a particular focus on family-owned and public-private enterprises."

Mr. Al-Osaimi added, "Boursa Kuwait is dedicated to reinforcing the strengths of the Kuwaiti capital market as a globally attractive investment destination while elevating its profile as a leading stock exchange in the region. These endeavors are instrumental in realizing the national vision of establishing Kuwait as a premier financial and investment hub in the Middle East."

Founded in 2006, BIG Holding Company is a leading regional investment firm providing integrated human resources solutions and support services for real estate sector projects, including property management, build-operate-transfer services, and enhancing public-private partnerships. The company appointed National Investments Company and EFG Hermes Emirates Limited as Joint Global Coordinators and Joint Bookrunners, with National Investments Company also serving as its listing and financial advisor.

Eng. Abdulrahman Mohammed Al-Khanna, Group Chief Executive Officer of BIG Holding, commented, "The listing of Beyout Investment Group Holding Company is the culmination of our efforts to strengthen our position as a leading Kuwaiti company in the region. Over the past years, we have focused on developing our operations, improving efficiency, and upgrading our practices in line with international standards to consolidate our position as a trusted partner for government agencies and global brands across various sectors."

He added, "This achievement provides new opportunities to create value for all stakeholders, supports our goals of continuing to innovate in our service package, and achieves expansion in the region. We extend our sincere thanks to our partners for their trust and continuous support as we record a new chapter of success in our legacy and confirm our commitment to sustainable growth."

The National Investments Company led the private subscription for the secondary offering of 30% of BIG Holding Company’s currently issued shares, which was met with great demand by local and international investors. The order amount exceeded the value of the offering by more than 17 times, with initial coverage of KD 771 million, reflecting strong confidence in the company’s quality and performance, as well as the professionalism demonstrated by NIC in managing the subscription.

Related News

GE Vernova to Highlight Energy Solutions at Africa..


Emirates NBD and Dubai Institute of Design and Inn...


Al Habtoor City Gourmet Festival to Launch in June...