Wednesday, Mar 28, 2012
BEIRUT (Zawya Dow Jones)--The Kuwait Stock Exchange Wednesday said it will suspend trading in the shares of 67 listed companies if they didn't submit their full-year financial results by the morning of Sunday, April 1.
The bourse said in a statement posted on its website that its regulations stipulate that the deadline for submitting the full-year results is three months after the end of the financial year.
Of the companies 44, including Gulf Investment House, Kuwait Investment Co., and International Financial Advisors, haven't set a date for a board meeting [to discuss the financial results], the bourse said in the statement.
Also among them are Global Investment House, Kuwait Finance and Investment Co., Aref Investment Group, and Securities House, whose shares have already been halted from trading, according to the statement.
The remaining 23 firms, which include Agility Public Warehousing Co., Hits Telecom Holding Co., National Industries Group Holding, National Real Estate Co., and Sultan Center Food Products Co., have set dates for board meetings, the bourse said.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
28-03-12 1134GMT
