Business | Markets
Shuaa delists shares
Shuaa Capital, the leading financial services institution in the Gulf Cooperation Council, on Wednesday confirmed that its shares have now been delisted from the Kuwait Stock Exchange.
- Staff report
- Published: 23:38 January 7, 2009
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".
Share this article
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
It costs a million to raise a child
Generation Z doesn't leave home at 18, but stay with the parents until mid-20s
-
Investing in funds doesn't come cheap
Many people are unaware of the effect of different expenses on their returns
-
Firm turns televised events into marketing dream
Drops anchor in Dubai to sell world's richest yachting races
