Middle East

Arganim Industries Offers First Market Share

For more than a century, Alghanim Industries has achieved countless achievements and continued expansion in various fields and geographic reach. Alghanim Industry Group Chairman Qutaiba Al-Ghanim announced in a letter to employees that the company is considering offering a minority stake for its initial public offering on the Kuwait Stock Exchange.

Al-Ghanim said in the letter that the company is currently considering the decision to offer a minority stake in Kutayba Al-Ghanim Group’s “Al-Ghanim Industries”, which is an integral part of the IPO investment. part, he thinks. He said the achievement of the expansion plan, in addition to its long-term sustainability, was underpinned by global expert opinion of IPOs as one of the ideal practices for institutionalizing family businesses. I added that I am.

He also noted the importance of strengthening the governance process through IPO-related transparency regulations and the introduction of new shareholders from diverse backgrounds, noting that this action will enable local investors to connect with regional and global investors. Emphasized the promotion of cooperation and participation in the growth of enterprises. Company.

“Today, we stand at the threshold of a new stage in the development of the region’s capital markets, which has become the focus of investors around the world. We decided to pursue research on this topic, believing that it would enhance the development and continuity of our business in this way,” Al-Ghanim said.

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https://timeskuwait.com/news/alghanim-industries-eye-offering-of-first-market-share/ Arganim Industries Offers First Market Share

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