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Sanad shareholders nod to capital hike

Sanad shareholders nod to capital hike
Sanad will increase the capital by KWD 21.73 million through creditors
BAREEQ
BAREEQ
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Mubasher: The ordinary general meeting (OGM) of Sanad Holding approved raising the company's capital by KWD 31.73 to total KWD 43.73 million.

Sanad will increase the capital by KWD 21.73 million through creditors and by KWD 10 million in cash, according to a bourse statement issued on Sunday.

Thus, the company’s authorised and paid-up capital will stand at KWD 43.73 million distributed on 437.3 million shares at a par value of 100 fils each.