Ezdan Holding nullifies earlier proposal to delist from QSE

Ezdan Holding nullifies earlier proposal to delist from QSE:

Ezdan Holding Group has nullified its earlier proposal to become a private entity by delisting from the Qatar Stock Exchange (QSE) in view of the robust momentum in the domestic economy.

In its general assembly held on Sunday, the shareholders "agreed to waive its previous decision (dated May 24, 2017) concerning the approval in principle the transformation Ezdan Holding Group from a public shareholding company to a private shareholding company."

Ezdan board had held a meeting on April 6 to consider the request of one of the shareholders of Al Tadawul Trading Group, which owns more than 25% stake, regarding nullifying the earlier proposal.