Wednesday 6 January 2010

Kuwaiti Ministry of Commerce and Industry Delays Ordinary Shareholder Meeting of Al Imtiaz Investment Kuwait



Revised after more carefully reading the Arabic text above.  How did I miss the word "tajil"?  It couldn't be in larger print.

AlQabas reports that the Kuwaiti MOIC has abrogated the earlier ordinary general meeting of shareholders of Al Imtiaz Investment Company Kuwait (a Shari'ah-based investment company) as this was not called by the Chairman nor did he attend.  The meeting was held based on the request of the Vice Chairman.   The new meeting is limited to accepting the resignation of certain directors and the election of their replacements.

The above notice from Al Imtiaz notes that it is postponing its OGM originally called for 10 January 2010. And will publish a further announcement when the date is reset.

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