Mubasher: Al Aman Investment announced that its ordinary general meeting (OGM) approved a capital reduction of KWD 4.65 million.
The Boursa Kuwait-listed company will shrink the capital to KWD 15 million from KWD 19.65 million, according to a bourse statement on Monday.
Al Aman will cancel the treasury shares registered on 31 December 2017, with a total amount of 19.45 million shares valued at about KWD 849,820 in addition to canceling the par value of KWD 1.65 million.
The shareholders approved adding the cancelled value of about KWD 798,470.
Following this reduction, Al Aman’s capital will stand at KWD 15 million distributed on 150 million shares at a par value of 100 fils per share.
