Wednesday 10 September 2014

Kuwait’s Global Investment House seeks relisting on local bourse | GulfNews.com

Kuwait’s Global Investment House seeks relisting on local bourse | GulfNews.com:



"Kuwait’s Global Investment House said on Tuesday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt.



In an interview with Reuters, Global Investment House chief executive Maha Al Goneim said the company was now “debt-free” following its debt restructuring last year.



She added that the relisting would be discussed at an annual general meeting next Sunday. Subject to shareholder approval, Global’s board of directors will start the necessary procedures with Kuwait’s Capital Market Authority, Maha said."



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