Kuwait Stock Exchange (KSE) announces that the board of Gulf Petroleum Investment Co. (PetroGulf), in its meeting held on Thursday, 22/09/2011, gave a nod to lifting capital by KWD 10 million. A total of 100 million shares will be issued at 100 fils each with no issue premium.

This approval is subject to the endorsement of competent authorities, mainly the Capital Market Authority (CMA), the Ministry of Commerce & Industry (MOCI) as well as the ordinary and extraordinary shareholder meetings of the company.

Accordingly, the stock will resume trading ten minutes after the announcement.