Boursa Kuwait suspends trading of 14 companies

Boursa Kuwait suspends trading of 14 companies

Trading has been suspended for 14 Boursa Kuwait companies for a variety of reasons, the stock market announced today.The suspensions were made by the stock market for 10 different reasons, with Effect Real Estate Co and Danah Al Safat Foodstuff Co (DANAH) both suspended due to liquidation.Effect Real Estate has also failed to file any financial reports since early 2019 and has failed to pay its subscription fees in 2020.DANAH also failed to file any financial reports so far in 2020.Arabi Holding Group was suspended due to a decision by the Capital Market Authority (CMA).While Ithmaar Holding Co and Yiaco Medical Co received suspensions due to decisions by Boursa Kuwait's Violations Committee. Ithmaar has also failed to pay subscription fees in 2020.Tamkeen Holding Co, Al Mudon Intl Real Estate, Kuwait