National International Holding EGM approves $75mln capital hike

The capital rise will by through issuing 10.843 million bonus shares


Kuwait  - The extraordinary general meeting (EGM) of National International Holding Company has approved to raise the authorised, issued, and paid-up capital from KWD 21.687 million to KWD 22.772 million.

The capital rise will by through issuing 10.843 million new shares to be distributed as bonus shares to the company's shareholders with the entitlement day set on 15 July, according to the company's disclosure to Boursa Kuwait on Sunday.

The capital increase will be financed from the company's retained earnings.

It is noteworthy to mention that on 21 June, the ordinary general meeting (OGM) approved distributing bonus shares, equivalent to 5% of the issued and paid-up capital, for fiscal year (FY) 2019.

The company is dually listed on Boursa Kuwait and the Dubai Financial Market (DFM).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities