Gulf Investment House (GIH) announced that it has received approval from the Capital Markets Authority (CMA) of Kuwait to purchase or sell up to 10% of the company’s treasury shares. The approval is valid for a period of six months, effective from 9 July 2026.
According to the company, the approval provides flexibility to manage its treasury shares in accordance with applicable regulations.
Key highlights:
• Received CMA approval to purchase or sell up to 10% of treasury shares
• Approval effective from 9 July 2026
• Valid for a period of six months
• Transaction subject to applicable regulatory requirements
• Financial impact cannot be determined at this time
According to the CMA approval, treasury share transactions may be undertaken to:
• Support the stability of the company’s share price
• Distribute treasury shares to shareholders without increasing the company’s share capital or the number of issued shares
GIH also stated that the financial impact of the approval on the company cannot be determined at the present time.
Source: Gulf Investment House (GIH)
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.