Al Aman Investment’s stock to delist from Boursa Kuwait on merger
The merger decision is set to be effective following a period of 30 days from the publishing date
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
By Staff Writer, Mubasher
Kuwait - Al Aman Investment on Sunday has published the decisions made by the extraordinary general meeting (EGM) concerning the proposed merger with The Securities House in Kuwait’s official gazette, Al Kuwait Al Yawm.
The merger decision is set to be effective following a period of 30 days from the publishing date and after completing competent procedures at the commercial register of the Ministry of Commerce and Industry (MoCI), according to a bourse statement.
Therefore, Al Aman Investment’s stock will be halted from trading on Boursa Kuwait as of 2 March until the delisting procedures are completed by the Kuwaiti Capital Markets Authority (CMA).
It is worth noting that in January, the EGM of The Securities House approved the contract proposal for the signed merger with Al Aman Investment and announced the shares’ acquisition date to be on 1 March.
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