Shuaa delists shares

Dubai: Shuaa Capital, the leading financial services institution in the Gulf Cooperation Council (GCC), on Wednesday confirmed that its shares have now been delisted from the Kuwait Stock Exchange (KSE) with effect from 1 January 2009, pursuant to the decision taken by the company's shareholders in June 2008.

All shares of ShuaaCapital will now be traded on the Dubai Financial Market (DFM).

Oliver Schutzmann, head of Investor Relations & Corporate Communications said: "Shuaa decided to delist its shares from the KSE due to inconsistencies in regulations between the DFM and the KSE, making it difficult for dual listed companies to comply with the regulations of both exchanges".