Kuwait – Mubasher: Jeeran Holding’s board meeting on Wednesday has recommended, to the extraordinary general meeting, the voluntary withdrawal from Kuwait Stock Exchange (KSE).
The delisting decision was due to lower market value of the share when compared with the book value, as well as the weak trading activity, according to a bourse statement.
Jeeran clarified that no financial impact will result from the delisting decision.
The stock was last traded on 15 August when it closed at 73 fils.
