Abyaar Real Estate, Kuwait Syrian to withdraw from Boursa Kuwait

Both companies' shareholders nodded to withdrawal from the bourse

  
Image used for illustrative purpose. Salem Al-Mieh (L) and Jassem Al-Kandari work the phones at a brokerage firm in the Kuwait stock exchangeDecember 1, 2002 in Kuwait City, Kuwait. With the possibilities of war in Iraq looming investors are unsure what that will do to the market.

Image used for illustrative purpose. Salem Al-Mieh (L) and Jassem Al-Kandari work the phones at a brokerage firm in the Kuwait stock exchangeDecember 1, 2002 in Kuwait City, Kuwait. With the possibilities of war in Iraq looming investors are unsure what that will do to the market.

Getty Images/Joe Raedle

Kuwait - Abyaar Real Estate Development’s shareholders have approved a proposal to withdraw the company’s shares from Boursa Kuwait, according to a bourse statement released on Tuesday.

Moreover, shareholders of Kuwait Syrian Holding approved the optional withdrawal from Boursa Kuwait.

It is worth noting that Abyaar’s recorded a year-on-year increase of 215.1% in losses during the third quarter of 2019.

Kuwait Syrian Holding turned to loss during the third quarter of the fiscal year 2019, reporting a net loss of KWD 38,890.

Source: Mubasher

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