Kanoo Group prepares for foreign listing

MANAMA: Yusuf Bin Ahmed Kanoo Group board chairman Khalid Mohammed Kanoo stated efforts are underway to hold out inner organisation in preparation for itemizing about 40pc of the corporate’s shares for public subscription on worldwide inventory exchanges akin to England, Dubai and Abu Dhabi, along with the Bahrain Inventory Trade.
The transfer follows a change of the corporate’s authorized type from “restricted legal responsibility” to “closed Bahraini joint inventory”, he stated .