Kuwait-Mubasher: First Investment obtained the Capital Markets Authority’s (CMA) approval for distributing 5% bonus shares to the shareholders of records registered on 5 June; the date when the ordinary general meeting was held.
The company will later announce the date of distributing 5-for-100 shares to the shareholders, according to a bourse filing issued Monday.
First Investment clarified that the distribution will not lead to a capital increase nor a growth in the issued shares; the shares will be deducted from the retained earnings.
