The stock exchange decided to suspend trading on the shares of the Middle East Bank

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The Middle East Bank will hold a meeting of the General Assembly to discuss the final accounts for 2016 and the distribution of profits during the coming week, the stock exchange announced on Thursday, indicating that it decided to stop trading on the bank’s shares as of today’s session.
“The Middle East Bank will hold a meeting of the General Authority at the headquarters of the General Directorate of the bank to discuss the final accounts for 2016 and the distribution of profits to shareholders in the bank,” the exchange said in a statement.
“The members of the General Assembly discussed during the meeting the reduction of the number of members of the Board of Directors from nine members to five members,” adding that “a new board of directors was elected from five original members and the same as a reserve.”
The stock exchange decided to suspend trading from Thursday’s session.

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