Skip to playerSkip to main content
  • 2 years ago

Category

🗞
News
Transcript
00:00 At the same time, Gulf companies of the Kabbalah and a group of financial institutions and national investments
00:07 announced the end of the suspension that imposed on the operation of the three companies' shares in the capital of the Kuwaiti stock exchange,
00:15 which means that the door has become open to any of those companies to trade these properties, partially or entirely,
00:23 as long as the interest and goals are met.
00:26 The conditions for the transfer of the stock exchange to a private sector company
00:31 imposed on the winning alliance in the share of the strategic partner, which is 44%,
00:37 did not operate in these properties for five years,
00:40 in order to achieve stability in the properties of the contributors and to strengthen the contribution from random trading operations.
00:48 In parallel with the suspension, the three companies also announced in a statement on the stock exchange website
00:55 that the shares of the stock will not be subject to the implementation of the 13th accounting standard,
01:00 which is special in defining the fair value, which has caused a 15% decrease in the market value yet.
01:08 The Gulf companies of the Kabbalah and a group of financial institutions own two equal shares,
01:13 each of which equates 14.41% of the capital of the Kuwaiti stock exchange,
01:20 while the share of national investments is 15.46%,
01:25 and the market value of the Kuwaiti stock exchange is currently 423 million dinars.
01:32 Samar Rashid, CNBC, Arabia, Kuwait
Be the first to comment
Add your comment

Recommended