Shuaa Capital plans to end cross-listing in Kuwait

Dubai: Shuaa Capital PSC, the United Arab Emirates' biggest investment bank, plans to stop trading its shares on the Kuwait Stock Exchange.

The company's shareholders will meet June 10 to vote on delisting its shares in Kuwait, the company said in a statement posted on the web site of Dubai's bourse on Monday, without providing a reason for the decision.

Shuaa also plans to treat Persian Gulf shareholders the same as UAE nationals in terms of stock ownership and trading, the statement said.