Mubasher: The Board of Commissioners of Kuwait’s Capital Markets Authority (CMA) disapproved the request of Taameer Real Estate Investment to optionally withdraw from Boursa Kuwait.
The delisting decision was rejected as it will affect the minority shareholders’ rights, Taameer said in a filing to Boursa Kuwait on Thursday.
In April 2019, the company’s board proposed to optionally delist from the bourse due to thin trades on the stock as well as the share’s low value.
In a follow-up disclosure, the company highlighted that there will be no impact on Taameer’s financial position due to the CMA’s rejection to the delisting.
