Mubasher: The shareholders of Amar for Finance and Leasing declined, during the ordinary general meeting on 13 June, the board’s recommendation to voluntarily withdraw from Boursa Kuwait.
The rejection of delisting the company’s shares from Boursa Kuwait was decided by shareholders owning 105.39 million shares in Amar for Finance, according to a bourse disclosure on Sunday.
Furthermore, Amar’s shareholders approved the board’s recommendation of no distributing cash dividends for fiscal year ended 31 December 2018 as well as not paying remuneration to the board members for FY18.
During FY18, Amar incurred a loss of nearly KWD 945,210 which was 38.6% lower than KWD 1.54 million losses registered in FY17.
