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National Industries' EGM approves capital increase to KWD 300m

National Industries' EGM approves capital increase to KWD 300m
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Mubasher: The extraordinary general meeting (EGM) of National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has approved an increase in the authorised, issued, and paid-up capital to KWD 300 million from KWD 149.92 million.

The company's capital will be distributed over 3 billion shares at a price of 100 fils per share, according to a bourse filing on Tuesday.

In the meantime, the company has repaid issued bonds at a nominal value of KWD 25 million.

In December 2021, the company issued the five-year bonds at an interest rate of 2.25%.