Mubasher: Boursa Kuwait on Monday has suspended trading on Yiaco Medical’s stock, following the ordinary general meeting (OGM) on Sunday, until the income statements are approved.

The shareholders have disapproved the financial statements of fiscal year ended 31 December 2016, according to a bourse statement issued on Monday.

Yiaco’s shareholders have approved authorising the board of directors to purchase or sell 10% or less of the company’s shares.

Meanwhile, the OGM voted by majority on the disapproval of selling Yiaco’s stake in Al Salam International Hospital to related parties.