|16 February, 2020

Kuwaiti bourse suspends trading on KGL, KGL Logistics

The decision was subject to a request by the two companies to the Kuwaiti stock market to suspend trading until further details

Traders monitor stock information at the Borsa Kuwait Stock Exchange, in Kuwait City, Kuwait November 9, 2016. Image used for illustrative purpose.

Traders monitor stock information at the Borsa Kuwait Stock Exchange, in Kuwait City, Kuwait November 9, 2016. Image used for illustrative purpose.

REUTERS/Stephanie McGehee

Boursa Kuwait has halted trading on Kuwait and Gulf Link Transport Company (KGL) and KGL Logistics as of Sunday, 16 February, until Wednesday, 19 February.

The decision was subject to a request by the two companies to the Kuwaiti stock market to suspend trading until further details, regarding material information, are disclosed, the bourse announced on Sunday.

It is worth noting that KGL Logistics is a 47.42%-owned subsidiary of KGL.

Source: Mubasher

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