By: Ahmad Awad
Kuwait-Mubasher: The listing of Mezzan Holding’s shares on Kuwait Stock Exchange (KSE) starting from 11 June represents a long-term opportunity for investors, not speculators, said deputy chairman Mohammed Al-Wazzan.
KSE’s current conditions do not worry us, since Mezzan’s performance is mainly operational, Al-Wazzan commented on the occasion during a conference held on Wednesday.
Mezzan considers expansion in the gulf area, the deputy chairman noted, adding that 73% of the company’s revenues comes from the food sector.
Fair value of Mezzan’s shares is set to be 740 Kuwaiti fils, said NBK Capital CEO Faisal Al-Hamad.
The CEO concluded that the stock performance tomorrow depends on supply and demand.
