Kuwait-Mubasher: Al Masaken International Real Estate Development said it will decrease its capital through a cash payment of 50% to each shareholder based on the stake they own in the company.

The Kuwaiti company said that the capital reduction will affect the shareholders by shrinking their shares to the half.

In Thursday’s session, Masaken stock retreated 5.63% or by 4 fils to settle at 67 fils at 12 pm Kuwait local time.