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Thu 12 Nov 2009 03:08 PM

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Kuwait bourse warns 25 firms over late Q3 results

Comm Bank of Kuwait, Burgan Bank among firms whose stocks face possible suspension.

Kuwait's bourse warned on Thursday it would suspend the trading of 25 companies if they fail to publish their third-quarter results by Monday.

"Trading in the shares of these companies will be halted, if the financial data ... are not submitted by 8:30 a.m. on Monday," the bourse said in a statement on its website.

Commercial Bank of Kuwait

Burgan Bank

Aref Investment Group

are among the firms whose stocks are facing a possible suspension.

Trading in shares of Islamic firm
Investment Dar

remains suspended since April, after the firm failed to publish its 2008 earnings.

Kuwait is the only Gulf Arab state without an independent authority supervising its bourse, the Arab world's second largest. (Reuters)

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