Mezzan Holding, one of the largest manufacturers and distributors of food, beverage and pharmaceutical products in the Gulf, has announced the company’s shares will be listed on the Kuwait Stock Exchange (KSE) on June 11.

Once listed, the company will be the 13th largest KSE-listed company by revenue, based on full-year 2014 results.

“On behalf of the board, I am pleased to announce that after three years of planning and preparations Mezzan Holding will be listing on the Kuwait Stock Exchange and further enhancing its position as a pillar of the Kuwaiti economy. Mezzan Holding’s success is an unwavering testament to strength and depth of Kuwait’s private sector,” said Khalid Jassim Al Wazzan, chairman of Mezzan Holding.

The company had appointed Watani Investment Company (NBK Capital) as an exclusive financial advisor and lead manager for the secondary offering of 30 per cent of the company that was successfully concluded on May 12.

NBK Capital is also acting as listing advisor to list Mezzan on the Kuwait Stock Exchange.

Mezzan Holding reported revenues of KD182.5 million ($601 million) in 2014, up 28.2 per cent over the previous year, while the net profit, at KD16.1 million, was up 22.9per cent.

Mezzan Holding is headquartered in Kuwait and operates in Kuwait, UAE, Qatar, Saudi Arabia, Iraq, Jordan and Afghanistan. – TradeArabia News Service