Mubasher: Al Aman Investment on Sunday has published the decisions made by the extraordinary general meeting (EGM) concerning the proposed merger with The Securities House in Kuwait’s official gazette, Al Kuwait Al Yawm.
The merger decision is set to be effective following a period of 30 days from the publishing date and after completing competent procedures at the commercial register of the Ministry of Commerce and Industry (MoCI), according to a bourse statement.
Therefore, Al Aman Investment’s stock will be halted from trading on Boursa Kuwait as of 2 March until the delisting procedures are completed by the Kuwaiti Capital Markets Authority (CMA).
It is worth noting that in January, the EGM of The Securities House approved the contract proposal for the signed merger with Al Aman Investment and announced the shares’ acquisition date to be on 1 March.
