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Gulf Franchising to be listed on Parallel Market

Gulf Franchising to be listed on Parallel Market
Photo Credit: Arabianeye-Reuters
GFC
GFC
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Mubasher: Gulf Franchising Holding has confirmed the news published in a local newspaper over listing the company on the Parallel Market instead of the official one, according to a bourse statement issued on Thursday.

The board members recommended to the ordinary general meeting (OGM) the listing proposal, the statement said, noting that Gulf Franchising was granted the Capital Markets Authority’s (CMA) approval.

The Boursa Kuwait Parallel Market includes companies with a capital baseline lower than KWD 10 million.

Gulf Franchising’s issued and paid-up capital stands at KWD 3.25 million distributed on 32.5 million shares, at a nominal value of 100 fils a share.