Boursa Kuwait suspends Tamkeen Holding, Reem Real Estate, Al Kout

Companies suspended for failure to provide financial statements as required by Kuwaiti stock exchange

Aerial view of Kuwait City [representational].
Arabian Business / Archives
Aerial view of Kuwait City [representational].

Boursa Kuwait, the GCC country’s stock exchange, has suspended Tamkeen Holding, Reem Real Estate, and Al Kout Industrial Projects from trading following their failure to provide financial statements.

Kuwait’s state news agency, Kuna, reported that the firms were suspended in accordance with Paragraph (A) of Article (1-15) of the 12th Book for Rules of Listing.

The news comes less than a month after Al Kout Industrial Projects, Ithmaar Holding, and Yako Medical Companies were suspended by Boursa Kuwait in August 2019.

At the time, Kuna reported that Al Kout Industrial Projects was suspended for failing to submit financial statements on 31 March 2019, while Ithmaar Holding and Yako Medical Companies were barred from trading following losses exceeding 75% of their capital.

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