Boursa Kuwait Securities Company is seeking an Initial Public offering (IPO) by early next year. According to its Chief Executive, Khaled Abdul Razzaq Al Khaled, “We are getting ready for an IPO hopefully by the first quarter of next year. The reason of that is to rejuvenate and restructure the Kuwait Stock Exchange. The exchange underwent a rigorous infrastructure upgrade and we are in the process of implementing it.” Boursa Kuwait has implemented a free float requirement after removing the rule to offload 30% for listing companies. The exchange also removed the profitability requirement for listing.