United Foodstuff EGM endorses Kuwait delisting

Kuwait – Mubasher: The extraordinary general meeting of United Foodstuff Industries Group approved on Sunday the voluntary delisting of the company’s stock from the Kuwait Stock Exchange (KSE).

The company’s board, in a meeting held 9 September, gave a nod to the stock delisting move.

United Foodstuff earlier posted KWD 385,000 ($1.27 million) net profit for the first nine months of 2015, down 53.8% year-on-year from KWD 832,350 ($2.74 million).

Mubasher Contribution Time: 29-Nov-2015 09:36 (GMT)