Kuwait’s Global seeks delisting approval

Kuwait’s Global Investment House (Global) will ask shareholders to approve a delisting of its shares, at an extraordinary meeting on 2 December. In a statement on 19 November, Global said it had so far failed to secure the regulatory waiver from Kuwait’s Capital Markets Authority (CMA) which it needs to implement a $1.7bn debt restructuring plan, and that it would ask shareholders to agree to removing the stock from the Kuwait Stock Exchange.