Kuwait's court of appeal issued a verdict to cancel selling 59.8 million shares in National Ranges (Mayadeen) and 41.36 million shares in Al Mazaya Holding, according to a Kuwaiti bourse statement on Monday.

Earlier, the Kuwaiti court of first instance passed judgment suspending the disposal of Mayadeen and Mazaya stocks that were liquidated by the Commercial Bank of Kuwait (CBK).

Mazaya, also listed in Dubai, is capitalised at KWD 68.83 million, distributed across 688.3 million shares at 100 Kuwaiti fils par value each.

Meanwhile, Mayadeen has a capital of KWD 28.02 million, distributed across 280.2 million shares at 100 Kuwaiti fils par value each.