Kuwaiti real estate investment firm Mabanee Co. stated Sunday that all its board members have quit. Mabanee said in a statement on the Kuwaiti stock exchange market's website that the resignation of Chairman and Managing Director Khalid Al-Mishari was accepted on Saturday. It said the other five board members have also tendered in their resignations.
Mabanee is a Kuwaiti shareholding company with a paid-up capital of 30 million Kuwaiti dinars. Mabanee is listed under the real estate sector on the Kuwait Stock Exchange since 1999.