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
  • Gulf News

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".

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Markets

  1. DGCX Commodities Exchange sets record

  2. Market flash: Dubai bourse jumps 3 per cent

  3. US investors seek closer links with Borse Dubai

  4. Volatility continues on UAE bourses

All articles in Markets

More from Business

Gulf News
Popular in Business
Precious jump
General

Precious jump

Gold prices at new high as India's central bank buys $6.7b worth of gold

Business Editor's choice