Mubasher: The ordinary general meeting (OGM) of Khaleeji Commercial Bank (KHCB) will vote on delisting the bank’s shares from the Dubai Financial Market (DFM).

During the meeting, set to be held on 25 March, shareholders will authorise the board to carry out the procedures required for delisting, following the approval of regulatory authorities, according to the bank’s disclosure to the exchange on Wednesday.

The meeting also will discuss the reduction of the issued and paid-up capital from BHD 105 million to BHD 89.211 million.

It is noteworthy to mention that the bank, listed on Bahrain Bourse (BHB) and DFM, logged losses of BHD 14.93 million in 2019, against a profit of BHD 658,760 in 2018.