Kuwait-Mubasher: Al Safat Energy Holding will convene an extraordinary general meeting on 28 January to consider reducing the capital and changing the company’s name, according to a bourse filing.
The company has sought the approval of Kuwait’s capital Markets Authority on Al Safat Energy’s request to shrink the capital by KWD 40.3 million to KWD 20 million from KWD 60.3 million.
The Kuwaiti company noted that shareholders will discuss the possibility of changing the name from “Al Safat Energy Holding” to “Senergy Holding”.
