Kuwait-Mubasher: The board of Human Soft Holding recommended a voluntary withdrawal from the Kuwait Stock Exchange (KSE).

The board held a meeting on Tuesday and put the recommendation forward to the extraordinary general meeting.

According to a bourse statement, Human Soft said that the delisting proposal was due to the low trading activity on the company’s stock, as well as the listing’s increasing fees.

Firms which have been delisting from the bourse – currently amounting to 24 since 2010 – also played a role in the board’s decision-making.