Thursday 24 February 2011

Kuwait's Gulfinvest asked to liquidate assets - Maktoob News

Gulfinvest International, dropped from the list of investment firms in Kuwait, was asked by the Ministry of Trade and Industry to liquidate its assets, a local paper said on Thursday citing sources.

Arabic newspaper al-Rai said the ministry asked the company to hold an ordinary annual general meeting for 2009, and an extraordinary meeting for 2010 within the next two weeks, citing sources that it did not identify.

"The shareholders will be asked to take the liquidation procedures, based on the Ministry of Finance's decision in this regard," said the sources.

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