Kuwait's Jazeera Air to partially offset accumulated losses of $62mln against share premium

The airline announced the move to Boursa Kuwait today (Monday) 

  
Jazeera Airways aircraft at Kuwait International Airport.

Jazeera Airways aircraft at Kuwait International Airport.

Jazeera Airways / Handout via Zawya

Kuwait’s Jazeera Air says it will partially offset its accumulated losses of KD 18.69 million ($62 million) against its KD 8 million share premium.

The decision follows a board of directors recommendation that was agreed at the company’s ordinary general assembly today (Monday). 

The airline’s accumulated losses were KD 18.69 million at 30thJune 2021 according to its most recent financial reports. 

(Writing by Imogen Lillywhite; editing by Seban Scaria)

Imogen.lillywhite@refinitiv.com

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© ZAWYA 2021


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