Kuwait – Mubasher: The board of MENA Real Estate Company approved the company stock evaluation reports, as well as Rasmal Holding Co’s, including the reports on raising MENA’s capital and assets in case of acquiring 100% of Rasmal’s shares.

MENA Real Estate will raise the capital by 48.49% or 182.61 million shares at a par value of 100 fils each, according to a bourse statement issued on Thursday.

The company owns net assets worth KWD 10.72 million, while Rasmal’s assets amount to KWD 10.09 million.