Kuwait – Mubasher: Osos Holding Group has received Capital Markets Authority's approval to reduce its capital by 62.7%, or KWD 16.825 million from KWD 26.825 million, according to a bourse filing.

"Capital reduction will be carried out by cancelling 168.251 million shares at 100 fils each. Shareholders will be reimbursed in cash for the cancelled shares as the current capital is larger than the actual capital", said the company in a bourse filing.

On 11 August 2016, the board of directors refused an exceptional cash dividend payout at 10% of capital for being inconsistent with the provisions of corporate law.