Mubasher: The Kuwaiti Capital Market Authority (CMA) approved the decision of Jeeran Holding to voluntarily withdraw from the Kuwait Stock Exchange (KSE), according to the company’s statement issued Monday.

The company said that its tradable shares represent 54.112% of all of KSE’s listed shares, as they total nearly 150.15 million shares, with a capital of KWD 15.015 million.

Last August, the company’s board recommended the decision to the extraordinary general meeting, which approved it in October.

The delisting decision was due to lower market value of the share when compared to the book value, as well as the weak trading activity, the company explained in a previous bourse filing.