Integrated Holding Company debuts trading today, first listing in Kuwait since June 2015
Integrated Holding Company (IHC - ticker : INTEGRAT KK), MENA’s leading crane operator, priced at KWD0.73 debuts trading today. This is the first listing in Kuwait since MEZZAN KK (June 2015, traded USD8.4mn a day during the first month). In terms of index inclusion potential (pending liquidity) we see MSCI (small cap) as early as November 2018 and FTSE (Small cap) as early as December 2018 (however this would require a rather steep 52% share price rally by 9 Nov 2018). Inclusion in MSCI indices should result in cUSD1mn from FM100 trackers and inclusion into FTSE indices would result in cUSD9mn worth of inflows from FTSE indices trackers.
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