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Osos denies profits from capital reduction

Osos denies profits from capital reduction
No sum of money was delivered to Osos (Photo Credit: Arabianeye-Reuters)
OSOS
OSOS
-4.84% 86.60 -4.40

Kuwait – Mubasher: Osos Holding Group denied what was published in a Kuwaiti newspaper about achieving a profit of KWD 525,000 after capital reduction.

This matter is linked to the company’s financial statement and monetary inflows, according to a bourse statement.

No sum of money was delivered to Osos, while the cancelled amount after capital decrease will be repaid to the shareholders, the company said.