Mubasher: The board of International Financial Advisors (IFA) approved transforming to a holding company.

The board members of IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), will pass this decision to the extraordinary general meeting (EGM), according to a bourse statement on Monday.

On 29 March, the Capital Markets Authority (CMA) announced the completion of the procedures required for this matter.

At the stock level, IFA closed Monday’s session in Boursa Kuwait 0.38% lower at 26.2 fils.