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KD Group dd's financial conglomerate ends following decision of Insurance Supervision Agency


Tuesday, 14 Jan 2014 04:03am EST 

KD Group dd:Says on Jan. 14, it received decision of the Insurance Supervision Agency which informed that the financial conglomerate KD - AS which was established following the previous decision of the Insurance Supervision Agency from Sep. 22, 2010, ended.Says in 2012, the Group took the strategic decision on the activities which fall within the banking and securities market, but as the Group fell under the qualified boundary and its stake decreased under 20%, it could not be considered as financial conglomerate. 

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