SHUAA Capital de-lists from Kuwait Stock Exchange
SHUAA Capital, the leading financial services institution in the GCC, confirms that its shares have now been de-listed from the Kuwait Stock Exchange (KSE") with effect from 1 January 2009, pursuant to the decision taken by the company's shareholders in June 2008. All shares of SHUAA Capital will now be traded on the Dubai Financial Market ("DFM").
Mr. Oliver Schutzmann, Head of Investor Relations & Corporate Communications said: “SHUAA decided to de-list its shares from the KSE due to inconsistencies in regulations between the DFM and the KSE, making it difficult for dual listed companies to comply with the regulations of both exchanges. We also expect an improvement of liquidity and trading volumes of SHUAA Capital shares on the Dubai Financial Market as a result of the de-listing.”
Kuwait remains an important operational market for SHUAA Capital and the Company is in the process of establishing a new subsidiary in the Country. The Company has had the full cooperation of the KSE and the DFM to ensure that shareholders who hold shares originally listed on the KSE will now be able to trade their shares on the DFM.
All such shareholders have been notified that they should fill out the forms listed below in order to trade their SHUAA Capital shares on DFM; this information is repeated here as a reminder.