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

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

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