Kuwait-Mubasher: Mezzan Holding expects to list shares on Kuwait stock market during the second quarter of 2015, according to a company statement.

The company held a business briefing session with representatives of investment firms, as well as fund and wealth managers, in preparation for stock listing on Kuwait Stock Exchange (KSE).

“The board has been working towards this day since 2011 when we first took active steps to evolve Mezzan Holding into a public company in a structured, phased, and sustainable approach. Today’s meeting with stakeholders from Kuwait and the Gulf brings us one step closer to realizing this goal of turning Mezzan Holding from a family institution into a public institution that champions and reflects the strength, legacy, and robustness of Kuwait’s private sector,” said Mezzan Vice Chairman, Mohammed Jassim Al Wazzan.

The company received on 26 March a preliminary approval from Kuwaiti regulator Capital Markets Authority to list on KSE, pending successful completion of a private secondary placement of 30% of its shares.