Global seeks the consent of its shareholders to delist the company from the Kuwait Stock Exchange to avoid the mandatory offer and to ensure the implementation of the proposed restructuring plan - Zawya

Global Investment House (Global) is pleased to announce that it will hold an Extraordinary General Meeting on Sunday, December 2, 2012, to discuss three items on the agenda related to the proposed restructuring plan approved by the company's general assembly held on 2 September 2012. One of those three items is to authorize the Board of Directors to delist the company from Kuwait Stock Exchange (KSE) if the continuity of listing represents an obstacle to the implementation of the proposed restructuring plan.
Global has saved no efforts to implement the proposed restructuring plan while retaining its listing on KSE. However since it is unable to obtain an exemption from the Capital Markets Authority to rules of the mandatory offer, it is inevitable for the company to take measures such as the delisting from KSE in order to preserve the public interest of the company and safeguard the rights of its existing shareholders.

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