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NREC shareholders nod to capital hike

NREC shareholders nod to capital hike
The company’s current capital stands at KWD 98.97 million
NRE
NRE
21.25% 97.00 17.00

Kuwait – Mubasher: The ordinary general meeting (OGM) of National Real Estate (NREC) approved raising its capital to KWD 150 million, distributed on 1.5 billion shares at a nominal value of 100 fils each.

The company’s current capital stands at KWD 98.97 million, distributed on 989.66 million shares, according to a bourse statement issued on Sunday.

The shareholders have authorised the OGM to determine the instalments of raising the capital as well as the issue premium.