Kuwait – Mubasher: Osos Holding Group Co. will start to repay in cash the value of cancelled shares as of 17 November, according to a statement. 

Shareholders of record at the end of the extraordinary general meeting (EGM) day on 29 September will be entitled to receive the payment.

This action followed the completion of procedures to cut the company’s capital from KWD 26.825 million to KWD 10 million.

EGM approved the board’s recommendation to cut the capital through cancelling 168.251 million shares at 100 fils per share.