Kuwait – Mubasher: Kuwait’s Capital Markets Authority (CMA) on Thursday approved Nafais Holding capital reduction by KWD 22.13 million to reach KWD 10 million from KWD 32.13 million, according to statement by the company.

In July, the Boursa Kuwait-listed firm’s board of directors approved the capital decrease.

At the level of the first six months of 2017 the company’s profits surged 93.8% to reach KWD 7.95 million, compared to KWD 4.1 million in H1-16.