Kuwait-Mubasher: Kuwait Cable Vision’s extraordinary general meeting (EGM) on Tuesday agreed to increase the capital by 58.33%.
The company will raise its capital by KWD 1.75 million or 100 fils per share to KWD 4.75 million from KWD 3 million, according to a statement issued on Wednesday.
It is noteworthy that the board has recommended in the meeting held late March a capital hike to KWD 10 million from KWD 3 million through four installments of KWD 1.75 million each, starting from 2016 to 2019.
