Sokouk's unit raises capital to $44.5mln

Sokouk's stake in Gulf House has been changed to 88%


Mubasher: Sokouk Holding Company (Sokouk) on Wednesday announced that its subsidiary Gulf Development House has increased its capital to KWD 13.5 million instead of KWD 13.06 million.

Following the capital hike, Sokouk's stake in Gulf House has been changed to 88% from 87.6%, according to the company's filing to Boursa Kuwait.

It is worth noting that Sokouk's losses witnessed a 14% year-on-year drop to KWD 369,700 during the second quarter of 2018.

By 10:23 am Kuwait time, Sokouk's stock stood at KWD 46.

Source: Mubasher

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