Kuwait – Mubasher: The ordinary general meeting of National Slaughter House gave a nod to voluntary delisting from the Kuwait Stock Exchange (KSE).
The firm attributed the delisting decision to its inability to meet one of the listing conditions, in respect to raising its paid – capital from KWD 2.89 million to KWD 10 million.
On other hand, the general meeting approved the board’s previous recommendation regarding withholding dividends distribution for the fiscal year ended 31 December 2015, in addition to offsetting losses of KWD 297,000 through the legal reserves.
The Kuwaiti listed firm suffered losses of KWD 567,110 in 2015.
