MIDDLE EAST IN BRIEF
- From: Vol 12, Issue 10 (October 2011)
- Category: Brief
- Region: Middle East
- Country: Israel, Kuwait, Oman, Palestinian Territories, Saudi Arabia and United Arab Emirates
- Related Companies: Dubai Water and Electricity Authority , Enpar, Miahona, Oman Power and Water Procurement Company and SMN Power Holding Co
* The Kuwaiti parliament is discussing a proposal to part-privatise the national water and power metering system.
Ownership of the proposed new company would be split amongst corporate investors (26%), the government (24%) and private investors on the Kuwaiti stock exchange (50%).
* The response to the IPO of SMN Power – which closed on 10 October – has been strong, with the subscription level understood to be around 1.6 times the original OMR25 million ($65 million) flotation value ...
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