Mubasher: Boubyan International Industries Holding will hold its ordinary general meeting (OGM) and extraordinary general meeting (EGM) on 27 March to consider reducing the capital to KWD 15 million from KWD 30 million.
The company’s board had recommended, in early December, a capital cut to offset the losses, by using the entire legal reserve of KWD 3.8 million, according to a bourse statement issued on Thursday.
