Mubasher: The board members of KAMCO Investment have recommended, to the extraordinary general meeting (EGM), raising the issued and paid-up capital after a reduction process, according to a bourse statement on Wednesday.
KAMCO’s board proposed reducing the capital to become KWD 23.75 million distributed on 237.45 million shares through using the treasury shares that stand at 25.85 million shares valued at KWD 2.59 million.
Afterwards, KAMCO should increase its issued and paid-up capital to KWD 34.23 million distributed on 342.33 million shares by issuing 104.88 million new shares.
