Kuwait – Mubasher: United Foodstuff Industries Group has requested to set 30 November as the date of the company’s voluntary withdrawal from Kuwait Stock Exchange (KSE).
The company clarified that the actual delisting date was on 20 October, but the company requested to add the number of days when the stock was suspended from trading, according to a bourse statement issued on Tuesday.
The withdrawal reasons are the big costs required for the listing process which form a burden on the budget, the capital market analyst Adnan Al-Shamaa commented.
