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Future Communications says capital cut rejected by regulator

Future Communications says capital cut rejected by regulator
An OGM of Future Communications (Photo Credit: Mubasher)
FUTURE
FUTURE
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Kuwait-Mubasher: Future Communications Global said that its request to reduce its capital has been rejected by the Capital Markets Authority (CMA), (has rejected the company’s request to decrease the capital,) according to a bourse statement.

The he capital reduction was suspended until the company completes its voluntary withdrawal from the Kuwait Stock Exchange (KSE).

On the Kuwaiti bourse, Future was last traded on 7 April when it reached 100 fils.