BRIEF: Kuwait's NREC Seeks To Convert Agility Investment's Loan Into Equity

  

NATIONAL REAL ESTATE CO NREK.KW :

* CALLS EGM ON NOVEMBER 08, TO SEEK SHAREHOLDERS APPROVAL TO CONVERT AGILITY INVESTMENT HOLDING'S LOAN INTO EQUITY IN CO'S SHARE CAPITAL

* TO CONVERT 31 MILLION DINARS LOAN INTO 272.8 MILLION SHARES IN CO'S SHARE CAPITAL AT 100 FILS NOMINAL VALUE PER SHARE AND SHARE PREMIUM

* SEEKS SHAREHOLDERS APPROVAL TO INCREASE ISSUED SHARE CAPITAL TO 136.1 MILLION DINARS FOM 108.9 MILLION DINARS

Source: (https://bit.ly/2QZhQlt) Further company coverage: NREK.KW

((Reuters.Briefs@thomsonreuters.com;))

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