Tuesday, Mar 13, 2012
BEIRUT (Zawya Dow Jones)--Kuwait's Strategia Investment Co. Tuesday said its board has proposed doubling the company's capital to 30 million Kuwaiti dinars ($107.7 million) from the current KWD15 million.
The investment and asset management firm said that to achieve the capital hike it will issue 150 million new shares at 102 Kuwaiti fils each.
The share price will consist of a par value of 100 fils and an issue premium of 2 fils, Strategia said in a statement posted on the Kuwait bourse website.
By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
13-03-12 0846GMT
