Kuwait – Mubasher: The extraordinary general meeting (EGM) of KGL Logistics approved on Wednesday its capital increase via bonus shares, according to a bourse statement.
The company will raise its capital to KWD 66.675 million from KWD 60.613 million through issuing bonus shares accounting for 10% of both the issued and paid-up capital as 10-for-100 shares.
The EGM also agreed on amending article (6) of the articles of incorporation and article (5) of the articles of association to conform to the capital hike.
