Pearl of Kuwait gets CMA approval over voluntary delisting

Pearl of Kuwait gets CMA approval over voluntary delisting
Pearl of Kuwait Real Estate Co. announced it has obtained Kuwait's capital market authority approval over voluntary delisting from the Kuwait Stock Exchange (KSE). Late in June, company's chairman Yaqoub Ghadhanfar stated that the company’s decision of delisting is attributed to stock un-fair value and weak performance in the market in general. The company has incurred KWD 228.3 thousand loss for the fiscal period ending March 31, compared with KWD 36.1 thousand loss in the same period a year earlier.