Mubasher: The Capital Markets Authority (CMA) in Kuwait approved for the National Industries Group Holding, on 1 October, on the private offering prospectus for the issuance of up to KWD 30 million ($99 million) worth of bonds.

The company, dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), clarified that no financial impact shall be realised from the CMA’s approval on the prospectus.

In mid-September, the National Industries Group said that the CMA approved for issuing bonds with a tenor not exceeding five years starting from the issuance date.