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Friday , November 15 2019

HIHC officially submits ‘request’ to postpone listing on Kuwaiti bourse

KUWAIT CITY, Aug 5: The Health Insurance Hospital Company (HIHC) has officially submitted to the Capital Market Authority a request to postpone its listing on the Kuwait Stock Exchange, reports Al- Jarida daily quoting informed sources.

The sources pointed out that the company had requested to postpone the request for listing, after the expiration of the two years set by the law of joint stock companies, citing completion of some administrative and legal requirements, and move to the next stage by opening health centers for expatriates, to enable them to meet their requirements.

Sources noted that the Capital Market Authority has approved the request and now is expected to be postponed for a period that may extend to another two years. During the first quarter of the year, the foundation was laid and the construction of Dhaman Hospital in Al Jahra Governorate was completed. Sources added that the integrated processing consists of five centers one each in Hawalli, Farwaniya, Dajeej, Jahra and Fahaheel as a first stage, while obtaining approvals for the issuance of licenses while the second phase will be according to demographic studies depending on the places of residence of expatriates

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