Mubasher: Integrated Holding is expected to achieve a growth of 19% in profits to KWD 15.8 million by the end of fiscal year 2018, chairman Jassim Boodai said in an interview with Al Anba Newspaper.

In FY17, Integrated Holding recorded a year-on-year growth of 36% in profits to KWD 13.3 million, Boodai noted.

Integrated Holding intends to list its shares through an initial public offering (IPO) on Boursa Kuwait in 2018, the chairman said, noting that this will be the first family-business company to list on the stock exchange in four years.

Boodai added that the listing will be executed through a private subscription by selling a share of the equity without raising the capital, according to Al Anba.