Monday 16 November 2009

Kuwait Stock Exchange Suspends Trading of 13 Companies (6 Previously Suspended)

Last week the KSE warned 23 companies that failure to provide their 3Q09 financials to the Exchange  by 8:30 AM this morning would result in suspension of their trading.  See earlier Suq Al Mal post on that topic.

This morning at 8:44 AM local time, the KSE announced the suspension of trading of 13 companies.

As noted in my earlier post of the 23 companies so warned, 6 had already been suspended for failure to provide financials for previous periods.

The 13 suspended today include 6 previously suspended, so the incremental number of suspensions (in this announcement) is 7.  The KSE already suspended IFA and Watha'iq last Thursday.

New suspended companies:
  1. Industrial Investments Company (Investment Company)
  2. Aref Investment Group (Investment Company)
  3. Aayan Leasing and Investment Company (Investment Company)
  4. Al-Madar Finance and Investment Company (Investment Company)
  5. Salbookh Trading Company (Industrial Company)
  6. Safwan Trading and Contracting (Services Company)
  7. National Ranges Company (Services Company) a/k/a "AlMadayen"
Previously suspended still suspended.
  1. The Investment Dar (Investment Company)
  2. International Leasing and Investment Company (Investment Company)
  3. Pearl of Kuwait Real Estate Company (Real Estate)  a/k/a Lu'lu
  4. Safat Global Holding (Real Estate)
  5. Villa Moda Life Style (Services Company)
  6. Network Holding Company (Services Company)  a/k/a "Shabka"
Company type corresponds to KSE classification.

No comments: