Kuwait – Mubasher: The board members of Contracting and Marine Services has agreed on the voluntary withdrawal from Kuwait Stock Exchange (KSE), ccording to a bourse statement issued Thursday.

The withdrawal decision resulted from lower trading volume in the past three years as well as the trading value which decreased from 1.4% in 2013 to 0.3% in the period between 1 October, 2015 and 30 September, 2016.

The company clarified that the market value of the shares is less than the book value, leading to the delisting decision.

Also, Maritime has to pay financial fees and costs to remain its listing on KSE.