EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA) region, successfully completed an advisory role in the $147 million listing of Beyout Investment Group Holding Company (BIG) on Boursa Kuwait’s Premier Market. The listing marked the first offering on Boursa Kuwait in two years and involved a private placement, during which BIG offered 30% of its share capital at 500 Kuwaiti Fils per share. This private placement, coordinated by EFG Hermes UAE in the roles of Joint Global Coordinator and Joint Bookrunner, aims to diversify BIG’s shareholder base, enhance corporate governance, and increase visibility among stakeholders. The transaction saw high oversubscription, illustrating Kuwait’s strong market fundamentals and investment appeal. BIG, a prominent investment holding company, manages a diversified portfolio across various high-potential sectors through its subsidiaries, Kuwait Resources House (KRH) and Real Estate House (REH). EFG Hermes has a history of managing significant IPOs in the GCC, including recent listings on the Saudi Exchange and Dubai Financial Market. EFG Holding operates across nine countries and offers a comprehensive range of financial products and services.
Investment Banking, Human Resources and Real Estate, Financial Services,Kuwait, Middle East & North Africa (MENA)
https://www.zawya.com/en/press-release/companies-news/efg-hermes-completes-advisory-on-beyout-investment-groups-147mln-listing-on-boursa-kuwaits-premier-market-h1jybexr