Kuwait-Mubasher: Kuwait Stock Exchange (KSE) declared that it would suspend trading on shares of eight companies starting from 16 November, as a result of not announcing the financial statements of the period ended 30 September, 2015 before the deadline.
KSE noted in a bourse statement that the eight listed firms are International Financial Advisors (IFA), Al Mal Investment, Al Madar Finance and Investment, Noor Financial Investment, Kuwait Bahrain International Exchange, Taiba Kuwaiti Holding, Amwal International Investment, and AlShamel International Holding.
It is worth highlighting that Al Madar, Amwal, and Amwal have been suspended for a while.
The listed companies that announced their financials so far amounted to 172, with profits worth KWD 1341.88 million, as compared to KWD 1377.66 million in the nine months of 2014.
