Mubasher: The extraordinary general meeting (EGM) of Gulf Investment House (GIH) approved offsetting about KWD 343,090 as part of the accumulated losses as registered on 31 December 2017, according to a bourse statement on Thursday.

GIH’s shareholders have also nodded to raise the capital to KWD 40.65 million from KWD 6.09 million, an increase of KWD 34.55 million, after shrinking the capital by KWD 10.32 million to KWD 6.09 million from KWD 16.42 million.

At the stock level, GIH closed Thursday’s session 1.14% higher at 17.7 fils.