Gulf Cement may delist from Boursa Kuwait

Final decision will be made on March 5

  

Mubasher: Gulf Cement Company will submit a proposal concerning withdrawal from Boursa Kuwait due to higher annual fees.

The final decision will be announced on Thursday, 5 March, subject to the approval of the company's board of directors, according to a stock exchange statement on Monday.

It is noteworthy that in 2019, the company reported an 18% decline in net losses to KWD 2.21 million, compared to KWD 2.70 million in 2018.

Gulf Cement is dually listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX).

Source: Mubasher

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