Mubasher: Metal and Recycling will hold its extraordinary general meeting (EGM) on 30 July to discuss raising its capital to KWD 20 million from KWD 10 million.

The capital hike represents a 100% increase at a par value of 100 fils per share, according to a bourse statement on Tuesday.

It is noteworthy that Agility Public Warehousing, which is listed on both Boursa Kuwait and the Dubai Financial market (DFM), owns a stake of 66.5% in Metal an Recycling.