Kuwait's MTC Group

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By  Administrator Published  November 30, 2006

Kuwait's MTC Group has responded to media reports that it is seeking an international listing by releasing a statement confirming that it is indeed evaluating all options with regards to such a move. "However, I would like to emphasise that at this time MTC Group has not retained any advisors nor has it entered into any commitments with regards to an international listing," commented Sam M. Deeb, MTC's chief financial officer.

Deeb detailed that MTC is evaluating all its options with regards to an international listing. "In order to allow all those who want access and participation in the MTC success story as shareholders and to ensure ongoing efficient equity valuation, liquidity, and coverage I am confident that we will conclude our study of the international listing with a positive decision to go ahead," he said. MTC is currently in the process of a rebranding exercise, which should be completed before the end of the year.

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