Kuwait – Mubasher: The ordinary general meeting (OGM) of Nafais Holding approved decreasing its capital by KWD 10 million or 100 million shares.

Nafais will reduce the capital to KWD 32.13 million distributed over 321.3 million shares from KWD 42.13 million distributed over 421.3 million shares, according to a bourse statement issued on Sunday.

In March 2017, the Capital Markets Authority (CMA) approved Nafais’ request to withdraw from Boursa Kuwait, noting that 7.26% of the company’s shares are tradable.