CMA cancels license for Kuwait Investment; stock suspended

Kuwait-Mubasher: The Kuwaiti Capital Markets Authority (CMA) said that Kuwait Investment has not settled its position in terms of investment portfolios.

The CMA has rejected to grant the Kuwaiti company a license for its operations as securities brokerage at Kuwait Stock Exchange.

It added that the company will preserve the clients’ money until delivery.

The stock market has suspended trading on Kuwait Investment shares until further notice.

 

Mubasher Contribution Time: 03-Feb-2016 05:58 (GMT)