CMA delists Ithmaar Holding from Boursa Kuwait

CMA delists Ithmaar Holding from Boursa Kuwait

10 September 2020 04:06 PM





























Mubasher: The Capital Markets Authority (CMA) has decided to delist Ithmaar Holding from Boursa Kuwait, according to the company's disclosure to Boursa Kuwait on Thursday.





During a meeting held on Wednesday, 9 September, the CMA has rejected Ithmaar's request to voluntary withdraw from Boursa Kuwait.





The authority decided to delist the company from the bourse, as the trading on the stock has been suspended since 14 March for not fulfilling the trading requirements.





It is noteworthy to mention that in the first half (H1) of 2020, the company reported net losses attributable to the equity holders of $1.29 million, against net profits of $8.37 million in the same period of 2019.