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Thu 29 Mar 2012 10:55 AM

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Kuwait Stock Exchange threatens to suspend 67 firms

Companies have so far failed to file financial results with GCC state's bourse

Kuwait Stock Exchange threatens to suspend 67 firms
Kuwaiti businessmen, Kuwaiti investors

Kuwait’s Stock Exchange has threatened to suspend trading in
shares of 67 listed companies if they fail to submit their full-year financial
reports by April 1.

On a statement posted on its website, Kuwait Stock Exchange
reiterated that the deadline for filing financial results with the bourse was
three months after the close of the financial year.

It said that 44 of the 67 firms, which include Gulf
Investment House, Kuwait Investment Co, and International Financial Advisor,
had not yet set a date for board meetings to discuss financial results.

Other companies threatened with suspension are Global
Investment House, Kuwait Finance and Investment Co, Aref Investment Group and
Securities House.

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