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Two Kuwaiti firms to study delisting from KSE

Two Kuwaiti firms to study delisting from KSE
Photo Credit: Arabianeye-Reuters
CITYGROUP
CITYGROUP
-5.00% 600.00 -30.00
KPAK
KPAK
8.00% 280.00 20.00

Kuwait-Mubasher: City Group will hold an extraordinary general meeting (EGM) on Monday to consider a voluntary withdrawal from the Kuwait Stock Exchange (KSE) as proposed by its board members who ascribed the move to decreasing trading volume of the company’s stock.

Similarly, Kuwait Packing Materials Manufacturing’s EGM will be convened today to discuss the board’s proposal of delisting after the Kuwaiti bourse asked the company for regularization on back of its latest capital hike, before 15 May.