Mubasher: The shareholders of Bahrain Kuwait Insurance, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB), approved raising both the authorised and paid-up capital.

Bahrain Kuwait Insurance’s board members have recommended increasing the authorised capital to BHD 20 million from BHD 10 million, in addition to raising the paid-up capital to BHD 14.3 million from BHD 7.15 million, according to a bourse disclosure on Tuesday.

The capital hike aims at executing the company’s strategy during the coming three years.