AlQabas has a news item that the KSE has sent an official notice to Global Investment House that it must hold a general shareholders meeting and obtain shareholder approval to the transfer of the firm's assets to the fund created in Bahrain before the KSE will give its approval. The establishment of the fund in Bahrain is part of the restructuring agreement and will hold all GIH's equity/financial investments. Another fund will be created in Kuwait to hold real estate assets. More details on the restructuring agreement here.
Readers of this blog will know that GIH has already begun the re-registration process of certain of its assets - GIH's shares in Global MENA Financial Assets. Earlier post here.
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