Pearl of Kuwait Real Estate Co. has been scheduled to be delisted from Kuwait Stock Exchange on January 25, 2015.

Lately, the company announced it has obtained the Kuwait's Capital Market Authority approval over the delisting.

The company's chairperson Jacob ghadanfar stated that the company's stock fair value shall be set above level of KWD100 fils per share. The company's shares are currently traded below level of KWD20 fils per share, which is considered too low levels and below the stock's par value.

The company's stocks have declined sharply, during today's late-trades , by 20% to reach level of KWD9.5 fils.