Al Mal Investment said its general meeting gave the go-ahead for increasing capital by 27.25% (KWD 14.4 million) from KWD 52.83 million to KWD 67.2 million at a par value of 100 fils per share without an issue premium.
The capital increase is to the company’s creditors including banks and bond holders recorded in the company’s registers as on June 30. The current shareholders gave up their rights to subscription.