Kuwait – Mubasher: The extraordinary general meeting (EGM) of Kuwait Cable Vision approved reducing the capital by 22.02%.
The capital will be decreased by KWD 1.05 million to KWD 3.7 million from KWD 4.75 million, and accordingly, the shares will be cut from 47.5 million to 37.04 million, according to a bourse filing on Monday.
In December, the firm’s board proposed the capital reduction.
