Kuwaiti convenience store Trolley is planning an initial public offering, according to people familiar with the matter, a rare transaction in one of the Gulf’s quietest markets for new share sales.
EFG Hermes and National Investments Co. are advising on the transaction, which could take place as early as this year, according to the people, who asked not to be named discussing information that isn’t public. No final decisions have been made on the listing, and details such as the size and exact timing have yet to be finalized, the people said.
Representatives for Trolley and NIC did not respond ...