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Marakez shareholders nod to capital hike

Marakez shareholders nod to capital hike
The creditors’ account will decrease by KWD 550,000
MARAKEZ
MARAKEZ
-0.99% 30.10 -0.30

Mubasher: The shareholders of Real Estate Trade Centers (Marakez) agreed to raise the capital by 4%.

During both the ordinary and extraordinary general meetings of Marakez, the shareholders agreed to increase the capital by KWD 550,000 to KWD 14 million from KWD 13.45 million.

According to a bourse disclosure on Thursday, Marakez noted that following the capital hike, the creditors’ account will decrease by KWD 550,000.