Bahrain Kuwait Insurance nods to capital hike

The capital hike aims at executing the company’s strategy

  
Traders look at the screens at Bahrain Bourse in Manama, Bahrain, February 7, 2018.

Traders look at the screens at Bahrain Bourse in Manama, Bahrain, February 7, 2018.

REUTERS/Hamad I Mohammed

The shareholders of Bahrain Kuwait Insurance, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB), approved raising both the authorised and paid-up capital.

Bahrain Kuwait Insurance’s board members have recommended increasing the authorised capital to BHD 20 million from BHD 10 million, in addition to raising the paid-up capital to BHD 14.3 million from BHD 7.15 million, according to a bourse disclosure on Tuesday.

The capital hike aims at executing the company’s strategy during the coming three years.

Source: Mubasher

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