Mubasher: Kuwait’s Capital Markets Authority (CMA) scrapped securities activities licence for KAMCO Investment’s Global Investment House, a bourse filing showed on Monday.

The cancellation of the licence will result in delisting Global Investment House, in accordance with the CMA’s decision no. 178 for 2019, KAMCO’s statement to Boursa Kuwait said.

KAMCO announced in late November that it will upgrade its organisational structure, having merged with Global Investment House, after winning CMA’s approval.