The biggest share sale in the GCC for some years began Wednesday with the launch of the public offer for a $500 million, 49.2 percent stake in Mobile Telecommunications, AME-Info.com reported.
Finance minister Youssef Al Ibrahim told Reuters this was the start of the official relaunch of the privatization program suspended in 1998 when the market turned downwards.
The state also holds shares in 21 companies worth around $3.3bn such as Kuwait Airways – Albawaba.com
