Kuwait – Mubasher: Kuwait Cable Vision Co. said its board of directors recommending reducing its capital by 22.02% that is equivalent to KWD 1.046 billion.
The company seeks to reduce its capital from KWD 4.75 billion to KWD 3.7 billion.
Moreover, the firm noted that the capital reduction will take place after its upcoming right issue.
Kuwait Cable Vision posted KWD 155,400 in losses for the first nine months of 2016.
