Kuwaiti Conglomerate Alghanim Industries Weighs $1 Billion IPO

Family-owned firm is working with Credit Suisse on IPO plans
Alghanim seeking to appoint other banks on potential listing

Vehicles travel along Jahra Road towards central Kuwait City, Kuwait.
Photographer: Bassam Zidan Ahlawy/Bloomberg

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By Dinesh Nair, Archana Narayanan, and Swetha Gopinath

September 12, 2022 at 5:08 PM UTC

Updated on

September 13, 2022 at 4:09 AM UTC

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Alghanim Industries Ltd., one of the largest privately-owned firms in Kuwait, is seeking to raise about $1 billion from a potential initial public offering, people familiar with the matter said.