Kuwait Noor Financial’s board approves merger with subsidiary

Traders monitor stock information at the Borsa Kuwait Stock Exchange, in Kuwait City, Kuwait November 9, 2016. Image used for illustrative purpose.
REUTERS/Stephanie McGeheeThe primary approval was on conditions including that the merger would not result on delisting Noor Financial Investment from Boursa Kuwait and that companies adhere to applicable regulations.
It is worth mentioning that the financial statements of Noor Financial Investment showed a 12% year-on-year decline in profit during the third quarter of 2019.
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