Kuwait-based Ali Alghanim and Sons Automotive Company has announced the opening of its newest showroom for the BMW high-end vehicle in Al Jahra. The 2,000-sq-m showroom will boast a range of facilities including a sales service unit and spare parts hub.
The IPO saw Salik offer 1.9 billion ordinary shares, representing 24.9 per cent of its share capital, at a price of Dhs2.00 per share, implying total gross proceeds of over Dhs3.7 billion ($1.0 billion) and a market capitalisation of Dhs15.0 billion ($4.1 billion1).
The issuance offers investors access to a capital efficient, world class toll-gate operator, with a robust track record, in one of the fastest growing cities in the .