Mubasher: The International Investor’s (TII) extraordinary general meeting (EGM) decided to go into voluntary liquidation.
Around 55% of shareholders attended the EGM and approved the decision.
The Kuwaiti company failed to reach a settlement with some of its creditors in order to maintain the minimum capital requirement, Al-Seyassah newspaper reported citing TII chairman Adnan Al-Bahar as saying.
TII reported KWD 10 million losses in 2017, with its debts exceeding KWD 36.8 million.
