GPI to review capital raise Sunday

Kuwait-Mubasher: Gulf Petroleum Investment’s (GPI) extraordinary general meeting is rescheduled for Sunday on lack of quorum, according to a bourse statement.

 The meeting, originally dated on 14 January, was going to consider a capital increase to KWD 45.5 million from KWD 37.6 million.

GPI will raise the capital by issuing 79.6 million shares of 100 fils each and without premium issuance.

Mubasher Contribution Time: 24-Jan-2016 08:40 (GMT)