Kuwait’s Global seeks delisting approval
Issue 936
- 22 Nov 2012
| 2 minute read
Kuwait’s Global Investment House (Global) will ask shareholders to approve a delisting of its shares, at an extraordinary meeting on 2 December. In a statement on 19 November, Global said it had so far failed to secure the regulatory waiver from Kuwait’s Capital Markets Authority (CMA) which it needs to implement a $1.7bn debt restructuring plan, and that it would ask shareholders to agree to removing the stock from the Kuwait Stock Exchange.
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