Mabanee K P S C : CMA approval to deal in treasury shares
October 12, 2023 at 07:15 am EDT
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2023/10/12 : Date ﺦـــــــــــــــــــــــــ�رﺎﺘﻟا 2023/385/م.ش : Ref. ةرﺎــــــــــــــــــــﺷﻹا
M/S. Boursa Kuwait Company
Subject: Material Information Disclosure regarding CMA approval of Mabanee's dealing in its treasury shares
Pursuant to the provisions of chapter four of Module ten of the executive bylaws of law No.(7) of 2010, and amendments issued on 9/11/2015 regarding disclosure of Material Information.
We would like to advice you that Mabanee Co. has granted CMA approval for the company's dealing in its shares (Treasury Shares) for a period of six months starting from Thursday 12/10/2023.
Attached; Disclosure form of Material Information, and a copy of M/S. CMA approval.
Significant effect on the financial position shall be mentioned if the material information can measure that effect. Excluding the financial effect resulting from tenders of similar contracts. If a listed company, which is a member of group, disclosed some material information related to it and has significant effect on other listed companies which are members of the same group , the effect occurring to that company itself
12/10/2023
CMA-040300-02789-2023
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2023/10/11 2023/10/11
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20107
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Mabanee Company KPSC published this content on 12 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2023 11:14:06 UTC.
Mabanee Company KPSC is a Kuwait-based company engaged, along with its subsidiaries, in the manufacture and installation of pre-cast buildings, construction work, and the installation of sanitary, mechanical, electrical and other equipments related to the construction industry. In addition, the Company invests its surplus funds in investment securities. The Company operates in three segments: the Construction and real estate investment segment includes real estate development, properties, projects leasing and the construction activity for self or others; the Logistics segment includes all types of transportation, distribution, handling and customs clearance for goods, and the Financial investments segment includes investments in portfolios, shares and financial instruments in and outside Kuwait managed by self or by specialized firms.