Kuwait – Mubasher: The board of Ajwan Gulf Real Estate has recommended raising the capital to KWD 21 million from KWD 7.34 million, according to a bourse statement.
The approval for the capital increase is subject to the extraordinary general meeting.
Meanwhile, the Kuwaiti Capital Markets Authority (CMA) had approved on 1 June, 2016 for Ajwan to decrease its capital by 26.6% to KWD 7.34 million from KWD 10 million.
