
The board of GFH Financial Group has suspended its decision to delist from the Kuwait Stock Exchange, the company said on Wednesday.
GFH said the decision was made at a board meeting on Tuesday and was passed in light of executive management’s recommendations and recent amendments to the rules of the country’s Capital Markets Authority (CMA).
In a statement this week, GFH said the amendments “have resolved many of the shortfalls of the preceding regulations on disclosure and transparency, including those which were conflicting with GFH’s other regulators’ requirements”.
The amended Kuwaiti regulations allow listed companies to postpone the disclosure of material information without obtaining the CMA’s prior approval, if the information might damage the confidentiality of negotiations or implementation of a transaction, GFH said. Disclosure requirements were also eased in other ways.
In September, the Sharia-compliant investment group had said it would voluntarily delist from Kuwait to focus trading on its home market, Bahrain, and the main secondary market for its shares, Dubai. It said it also wanted to avoid any risk of violating rules in Kuwait that contradicted regulations in its home market.
Source: The National
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor