Faisal Al Ayyar

Kipco receives offer for OSN

Kipco, the majority owner of Middle East pay TV provider OSN, has received an offer for the company from an unspecified bidder. Kipco said it would evaluate the non-binding confidential offer and present it its board and minority ownership partner Mawarid Group. The group didn’t identify the buyer or the price. Dubai-based brokerage firm Arqaam […]

Kipco reveals plans to float OSN this year

Middle East investment group Kuwait Projects Co (Kipco) has said it plans to take pay TV operator OSN public within the next few weeks, according to local reports. Kipco vice-chairman Faisal Al Ayyar told journalists in Kuwait City that market conditions are now right for an IPO and that the process would be kicked off […]