EFG Hermes advises on Beyout Investment Group’s $147M Listing on Boursa Kuwait
Updated 6/11/2024 1:52:00 PM
Arab Finance: EFG Hermes, a subsidiary of EFG Holding, has completed advisory services on the $147 million listing of Beyout Investment Group Holding Company (BIG) on Boursa Kuwait’s Premier Market, as per an emailed press release on June 11th.
The listing was achieved through a private placement, with EFG Hermes UAE serving as joint global coordinator and joint bookrunner.
BIG offered 30% of its total issued share capital at 500 Kuwaiti Fils per share, resulting in a market capitalization of KWD 150 million ($489 million).
This transaction is the first offering on Boursa Kuwait in two years, following the listing of Ali Al Ghanim, which was also advised by EFG Hermes.
BIG, founded in 2006, manages a diverse portfolio of high-potential businesses, primarily through its subsidiaries Kuwait Resources House (KRH) and Real Estate House (REH). The company focuses on providing comprehensive human resources and project lifecycle support, complemented by real estate services.
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