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Kuwait, which was classified as an emerging market by index provider FTSE Russell in September, plans to sell a stake in its stock exchange as early as this year.Kuwait's bourse is competing with Saudi Arabia's to become the second in the six-nation Gulf Cooperation Council after the Dubai Financial Market PJSC to raise cash through an IPO.The share sale in the exchange will consist of an offering as much as 50 percent to the public and up to 24 percent to state entities, the CMA said last month.
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