Nine companies to be de-listed from Kuwait's exchange - The National

Kuwait's stock market regulator is to de-list nine companies from the country's exchange, putting an end to a period of uncertainty for shareholders of companies which have been frozen in trading for as much as three years.

The companies include Investment Dar, Al Safat Global Holding and Al Abraj Holding, the Kuwait Stock Exchange Board of Commissioners said in a statement on its website.

Villa Moda Lifestyle, the luxury department store, was also de-listed. The company is 60.3 per cent owned by DIFC Investments, the investment arm of Dubai's financial free zone which is racing to meet a $1.25 billion (Dh4.59bn) repayment deadline later this year.

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