Kuwaiti Islamic investment company considers London or Dubai IPO

Via Arabian Business:

Kuwaiti Islamic investment firm Stehwaz Holding Co. is considering selling shares in London or Dubai, the company's chief executive said on Tuesday."We want to turn Stehwaz into a global company so we may list in Dubai or London before we list on the local stock market," CEO Dherar al-Rabahhe told reporters.He did not elaborate on the listing plans.

Rabah declined to comment on media reports that Stehwaz, which invests into companies in that comply with Islamic law, had made an offer for Investment Dar's stake in al Madar Finance and Investment Co.Kuwaiti daily Alam Alyawm, citing unidentified sources, said Stehwaz had made an offering to buy the stake in a deal worth between 93 million dinars and 111 million dinars.