Kuwait’s CMA nods to Abyaar’s withdrawal from Boursa Kuwait

The decision is effective starting 29 January 2020

  
Kuwaiti traders are seen at the Kuwait Boursa stock market trading hall in Kuwait city, Kuwait September 16, 2019.

Kuwaiti traders are seen at the Kuwait Boursa stock market trading hall in Kuwait city, Kuwait September 16, 2019.

REUTERS/Stephanie McGehee

Mubasher: The board of commissioners of Kuwait’s Capital Markets Authority (CMA) has approved Abyaar Real Estate Development’s request to optionally delist from Boursa Kuwait.

The decision shall be effective starting Tuesday, 28 January 2020, according to a statement to the Kuwaiti bourse on Wednesday.

It is noteworthy that in November 2019, the company’s shareholders approved a proposal to withdraw the company’s shares from the Kuwaiti bourse.

Source: Mubasher

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