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Mena Real Estate's stock resumes trading Sunday

Mena Real Estate's stock resumes trading Sunday
Mena Real Estate's stock resumes trading Sunday
MENA
MENA
-0.77% 51.60 -0.40

Mubasher: Boursa Kuwait on Sunday announced that Mena Real Estate's stock would resume trading as of Sunday, 11 November.

Trading will resume after Mena Real Estate completed its capital cut procedures, the bourse explained.

In late October, Mena Real Estate said it was working on completing procedures to trim its capital to KWD 13.7 million.

The company's shareholders had approved the decision to reduce capital by KWD 1.46 million to KWD 13.84 million from KWD 15.3 million back in August.

Mena Real Estate last reported KWD 114,360 in losses in the first quarter ended 30 June 2018, up 98.7% year-on-year from KWD 57,560.