CMA suspends GFH stock 3 sessions

CMA suspends GFH stock 3 sessions
Photo Credit: Arabianeye-Reuters
GFH GFH 0.87% 0.58 0.01

The Kuwaiti Capital Market Authority (CMA) has suspended the stock of Gulf Finance House (GFH) for three sessions, starting from Sunday, February 22, 2014.

 

The CMA declared that the suspension was considered after the GFH announced the sale of a residential property in London, by one of GFH’s subsidiary, without mentioning its share in the property.

 

Furthermore, GFH bank used promoting statements reflecting a positive impact on the financial results, however, the bank owns only 3% of the property.
 

 

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Source: Mubasher

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