Mubasher: The ordinary general meeting (OGM) of Metal and Recycling approved the board's recommendation of raising the capital by 100% or KWD 10 million.

The company will increase the capital to KWD 20 million from KWD 10 million at a par value of 100 fils per share, according to a bourse statement on Tuesday.

In March, the board of directors of Metal and Recycling has proposed raising the authorised capital in which Agility owns a stake of 66.5%.