Mubasher: The Capital Markets Authority (CMA) has rejected the restructuring plan submitted by Gulf Investment House on 10 January 2018, according to a bourse statement on Sunday.

The CMA has cancelled the permit of the securities activity of Gulf Investment House until the company corrects its legal position, the statement added.

Gulf Investment House said that the CMA said that the board members and the executive board should not trade on the company’s stock.

The CMA decided to resume trading on Gulf Investment’s stock at Boursa Kuwait.