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October 20, 2014

Mezzan applies for listing in Kuwait

Kuwaiti FMCG conglomerate Mezzan Holding has applied to list on the Kuwait Stock Exchange, with plans to float 30% of the group.

Kuwaiti FMCG conglomerate Mezzan Holding has applied to list on the Kuwait Stock Exchange, with plans to float 30% of the group.

Mezzan intends to list 88.95m shares. The company said that the “objective” was to “expand the company’s shareholder base”.

Mezzan chairman, Khalid Jassim Al Wazzan, said the announcement was a “major milestone” for the company and the Gulf’s private sector. “Upon Mezzan’s successful listing on the KSE, investors will have a unique opportunity to invest in the Gulf’s growing food, beverage, and FMCG sectors,” he added.

The company manufactures an array of food products, from snacks to canned foods and meat, with distribution throughout the Gulf markets. In 2013, it recorded revenues of KWD141m (US$488.4m).

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