The stock of the Kuwait's telecom operator, VIVA will officially begin trading on the Kuwait Stock Exchange (KSE) on Sunday, 14 December, 2014. The company will be listed under the telecommunication sector and the English stock symbol will be “VIVA”. Attended by VIVA's Chairman, Adel Mohamed El Roumi, VIVA’s Chief Executive Officer, Eng. Salman Bin Abdulaziz Al-Badran, the listing advisor, NBK Capital, and many financial and business executives and officials, the listing ceremony started with the opening bell marking the opening of the trading on the company’s stocks at the KSE.
VIVA's Chairman, Adel Mohamed El Roumi said: “Listing the company’s stocks on the Kuwait Stock Exchange is a milestone for our Board members, executive management, and each of our employees. It is a pivotal point that reflects VIVA’s strategic direction of continued expansion and growth as the confidence of various shareholders and investors is gained, reaffirming VIVA’s leading position among mobile communication companies that provide cutting-edge solutions to its corporate and individual customers.”
El Roumi thanked Kuwait’s Capital Market Authority (CMA), KSE and Kuwait Clearing House for their collaboration and guidance from the early stages of preparation to the listing. He also expressed thanks to the listing advisor, NBK Capital and team for their professionalism, pointing out that the stock listing will help boost the investors’ confidence in the company, and consequently improve VIVA’s investment and financial position.”
VIVA’s Chief Executive Officer, Eng. Salman Bin Abdulaziz Al-Badran, was pleased with the successful completion of the company’s stock listing, stating that the first day of trading ushers in a new era of growth and development for VIVA. He said: “We are looking forward to our future as a publicly traded company, as we remain determined to offer the best service to our customers and a true value to our shareholders in coming years.”