KUWAIT CITY: Gulf Holding Company (GHC) has appointed CapCorp Investment Company (CapCorp) as a consultant for listing its shares on the Kuwait Stock Exchange (KSE).

"Listing GHC on the KSE is part of our strategic plan for the future and our decision to appoint CapCorp as a consultant is based on the firm's in-depth knowledge of the stock market, the efficiency of its executive staff in local and regional securities markets and the successful subscription and IPO launch operations it has undertaken for different industries in the region," vice-chairman and chief executive Ahmed Al Ameer said.

"The appointment will go a long way in providing us with both immediate and long-term support in listing our company shares on the Kuwait and other regional stock exchanges.

"We have always sought to partner with dynamic players with proven expertise in their respective areas of operation and this particular partnership will provide us with the kind of assistance and knowledge we require in such a dedicated field.

"By promoting greater efficiency in our future growth plans, it will help us realise our long-term vision of evolving into a diversified and trusted global holding company, thereby fulfilling our commitment to our stakeholders," Mr Al Ameer said.

Welcoming the partnership with GHC, CapCorp chief executive Ra'ed Al Saleh said it is, indeed, a pleasure to co-operate with a company that plays such an influential role in the local and regional economy.

"The partnership fits in well with our long-term strategy of aligning with leading players to achieve a prominent status in the financial sector as a Sharia-compliant company offering investment opportunities that provide high returns to investors.

"It also opens up avenues to expand the scope of our services both at the local and regional levels."