Kuwaiti regulator rejects two buyback proposals

Kuwait Stock Exchange

20 January 2016 02:39 PM

KPPC
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Amwal
AMWAL`R

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Kuwait-Mubasher: The Capital Markets Authority (CMA) in Kuwait has rejected a proposal to allow Privatization Holding to trade in 10% of its shares, according to a bourse filing.

The Kuwaiti regulator also declined the same request from Amwal International Investment, citing the company’s financial inability to cover the buyback it proposes.

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Source: Mubasher