The UAE’s Shuaa Capital has delisted from the Kuwait Stock Exchange (KSE) in a bid to boost the liquidity of the firm’s primary listing in Dubai, and because of the difficulty in complying with two different sets of regulations.
Shareholders which had traded through the KSE will now have to trade their shares through the Dubai Financial Market (DFM).
Oliver Schutzmann, head of investor relations at the firm, says, “Shuaa decided to delist its shares from the KSE due to inconsistencies in regulations between the DFM and the KSE, making it difficult for dual listed companies to comply with the regulations of both exchanges.”
Shuaa says that, despite the delisting, it still plans to establish a new subsidiary in Kuwait.
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