Al Nawadi Holding said Tuesday its shareholders approved a capital increase through issuing bonus shares of 10%.

The Kuwaiti listed firm saw a jump of 41.53% in net profits for 2014, reaching KWD 2.76 million compared with KWD 1.95 million a year earlier.

Al Nawadi, owner of health institutes and resorts, is capitalised at KWD 16.53 million, distributed across 165.3 million shares at 100 Kuwaiti fils par value each.