Kuwait – Mubasher: Kuwait Building Materials Manufacturing’s ordinary general meeting approved the voluntary withdrawal from Kuwait Stock Exchange (KSE).
The delisting decision is due to the company’s capital which is lower from the required minimum level of KWD 10 million, according to a bourse statement issued on Thursday.
Moreover, the number of shareholders shrank to 69, while the required quorum is 200 shareholders.
According to the available information on KSE website, the company’s capital totals KWD 3.03 million distributed on 30.3 million shares with a par value of 100 fils a share.
The stock was last traded on 16 August when it closed at 190 fils.
