Dubai-Mubasher: GFH Financial Group said that the latest amendments to the implementing regulations of Kuwait’s Capital Markets Authority (CMA) made the board of directors reconsider the earlier decision of delisting from Kuwait Stock Exchange (KSE), the company said in a bourse statement.
“The new regulations have resolved many of the shortfalls of the preceding regulations on disclosure and transparency,” stated GFH.
The company, which is listed on DFM, KSE, and BHB, noted that the new amendments would allow listed firms to postpone the disclosure of material information without getting the CMA’s approval.
The board is meeting on Tuesday to review the reconsideration of the withdrawal decision.
