Kuwait Central Bank denies Gulf Investment House share request

27 September 2010

Kuwait’s central bank has turned down a request by Gulf Investment House (GIH) to renew the purchase of 10% of its own shares for another six months ending in March 2011, Kuna has reported. The Kuwait Stock Exchange (KSE) said that the request can only be approved if listed companies wishing to own their own shares comply with regulations by the CBK and other institutions.

Kuwait’s Central Bank has turned down a request by Gulf Investment House (GIH) to renew the purchase of 10 per cent of its own shares for another six months ending in March 2011, Kuna has reported. The Kuwait Stock Exchange (KSE) said that the request can only be approved if listed companies wishing to own their own shares comply with regulations by the Central Bank and other institutions.

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