Boursa Kuwait suspends trading of 14 companies | ZAWYA MENA Edition:
Trading has been suspended for 14 Boursa Kuwait companies for a variety of reasons, the stock market announced today.
The suspensions were made by the stock market for 10 different reasons, with Effect Real Estate Co and Danah Al Safat Foodstuff Co (DANAH) both suspended due to liquidation.
DANAH also received a suspension for a loss exceeding 75 percent of paid up capital, as did Ithmaar Holding Co, Al Rai Media Group Co and Al Deera Holding Co and Ajwan Gulf Real Estate.
Effect Real Estate has also failed to file any financial reports since early 2019 and has failed to pay its subscription fees in 2020.
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