Kuwait - Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (ABAR) approved the decision to distribute bonus shares at 5% of capital, for the fiscal year that ended 31 March 2016.
The company’s ordinary general meeting (OGM) also approved to deduct 10% of total earnings to be added to the company’s capital reserve, according to a bourse filing issued Sunday.
Meanwhile, the extraordinary general meeting accepted the decision to raise the company’s capital to KWD 22.01 million from KWD 20.96 million, through the distribution of bonus shares.
