Mubasher: The board members of Al Mal Investment recommended reducing the capital through offsetting part of the losses posted by the company, according to a bourse filing issued on Thursday.
Al Mal has incurred a loss of KWD 18.3 million during fiscal year 2016 against a profit of KWD 6.3 million in FY15.
The company’s capital stands at KWD 66.95 million, which is distributed on 669.5 million shares at a nominal value of 100 fils per share.
