Kuwait-Mubasher: First Investment announced the liquidation of its subsidiary First Energy Resources, according to a filing with the exchange. First Investment owned 33.21% of its liquidated unit.
The extraordinary general meeting has approved on Sunday the voluntary liquidation, the statement said, adding no further details on the wind-up decision.
First Energy Resources has a capital standing at KWD 21.65 million, with gross shareholders’ equity of KWD 20.6 million as registered on 30 September, 2015.
First Investment said that the financial impact cannot be evaluated precisely at the moment.
