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Bahrain-based Ithmaar Holding to voluntarily delist from Boursa Kuwait

Bahrain-based Ithmaar Holding BSC intends to voluntarily delist from Boursa Kuwait, subject to regulatory approvals in Bahrain and Kuwait.

The company will continue to be listed on the Bahrain Bourse and the Dubai Financial Market.

Ithmaar Holding said trading of its shares on Boursa Kuwait was suspended on the morning of March 14 after its losses exceeded the maximum regulated amount.

Under the stock exchange's rules, a company's shares are placed under suspension if accumulated losses exceed 75% of its share capital.