Mubasher: Specialities Group Holding on Wednesday announced the resignation of its board members for personal reasons.
The board assigned Mubarak Al Waqyan, the group CEO, to complete the legal procedures required to call for an ordinary general meeting (OGM), in which a new board will be elected, the company said in a statement to Boursa Kuwait.
The group’s capital amounts to KWD 15 million, spread across 150 million shares at a nominal value of 100 fils each, with 7.31 million shares as treasury stocks.
By 10:18 am Kuwait time on Wednesday, the group’s stock rose 2.6% to 98.5 fils, with 116,300 shares traded at KWD 11,800.
