Mubasher TV
Contact Us Advertising   العربية

Ithmaar Holding’s shareholders nod to voluntarily delist from Boursa Kuwait

Ithmaar Holding’s shareholders nod to voluntarily delist from Boursa Kuwait
The voluntarily delist from Boursa Kuwait plans will have no impact on Ithmaar Bank
Ithmaar Holding
ITHMR
10.00% 0.03 0.00

Mubasher: Bahrain-based Ithmaar Holding on Sunday announced that its shareholders approved plans to voluntarily delist the company’s shares from Boursa Kuwait.

The company will remain listed on the Bahrain Bourse, Dubai Financial Market (DFM), according to a press release.

This approval came after a general meeting held in Bahrain and headed by the company’s non-executive board member and chairwoman of the audit, governance, and risk management committee of the board Elham Hassan, the release highlighted.

The voluntarily delist from Boursa Kuwait plans will have no impact on its subsidiary, Ithmaar Bank or any of its customers or investors, Ithmaar Holding said.

The plans are subject to the approval of relevant authorities in Kuwait and Bahrain.

In August, Ithmaar Holding, listed on the Bahrain Bourse, Boursa Kuwait, and the DFM, revealed that its board of directors had recommended delisting from Boursa Kuwait.

The company previously posted a net profit of $13.03 million during the first half of 2019, versus $10.82 million in H1-18, according to a press release.