STC Group CEO Saud bin Majed Al-Daweesh said an agreement was finalized at VIVA headquarters with NBK Capital to manage the listing.

He said VIVA would strive to meet the needs of its customers and provide innovative solutions to build on its success in Kuwait. 

VIVA maintains a favorable position in the Kuwait telecom market.

VIVA has gained around one million subscribers and a market share of nearly 20 percent in the market within a very short time.

VIVA CEO Salman bin Abdulaziz Al-Badran and NBK Capital CEO Salah Al-Flaij signed the deal.

Al-Badran said the listing is a very important and strategic step in the development of the company, which successfully began with an initial IPO.

Al-Badran added: "VIVA is keen to meet all requirements and professional standards to successfully complete the listing process which will in turn build trust among shareholders.”

The agreement with NBK Capital to complete the evaluation and management of the listing will be spearheaded by a group of investment specialists.