Kuwait – Mubasher: The extraordinary general meeting (EGM) of Nafais Holding will discuss the company’s capital reduction on 21 May, according to a statement to Boursa Kuwait.
The company will discuss a capital cut of KWD 10 million from KWD 42.13 million to KWD 32.13 million, the statement showed.
The number of shares that will be cancelled exceed 100 million, which will reduce the total number of shares from 421.3 million shares to 321.3 million.
Nafais Holding had reported a 0.9% increase in annual profits to reach KWD 4.89 million in 2016, compared to KWD 4.85 million in 2015.
