Photo Credit: Arabianeye-Reuters
ALIMTIAZ
ALIMTIAZ`R
ALIMTIAZ`R
Kuwait-Mubasher: Al Imtiaz Investment Group said that the extraordinary general meeting (EGM) of its associate Al Ritaj Holding agreed on decreasing the capital to KWD 12.6 million from KWD 25 million, according to a bourse statement.
The EGM also approved the proposal of increasing Al Imtiaz’s capital to KWD 16.64 million.
Al Imtiaz raised its stake in Al Ritaj Holding to 57.48% from 44%. Thus, Al Ritaj is an official subsidiary of Al Imtiaz.
Source:
Mubasher
