Kuwait – Mubasher: Kout Food Group said, in a bourse filing posted Wednesday, its extraordinary general meeting gave the green light for a voluntary delisting from the Kuwait Stock Exchange (KSE).

In mid-April, the company’s board proposed the stock delisting, citing its low stock price and traded volume that do not reflect the company’s actual results.

Two listed companies considered in April delisting their stocks from the KSE, namely K Clinic and Strategia.

Kout Food posted a 12.2% rise in FY14 net profit to KWD 6.07 million, up from KWD 5.41 million a year earlier.