Kuwait-Mubasher: Al Mowasat Health Care clarified that the delisting decision resulted in since traded shares are weaker in number than the issued shares, according to a bourse statement.

The low trading activity of the stock shows no need for the company to remain listed on Kuwait Stock Exchange (KSE), added the statement.

The company is affording the whole financial costs for remaining listed on the bourse, in the time it is becoming a financial burden, especially after the governance rules approved in 2015 by the Capital Markets Authority.

The increasing expenses will lead to a decrease of profits and will impact the stock negatively.