The board of Kuwait Syrian Holding recommended a backtrack on increasing the firm’s capital from KWD 17.62 million to KWD 35.25 million.

The firm noted that it would hold an extraordinary general meeting to discuss the board’s proposal.

Kuwait Syria asked the capital market authority (CMA) to cancel the request previously submitted to agree on the capital increase subscription.

The firm’s capital stands at KWD 17.62 million, distributed on 176.27 million shares with a par value of 100 fils per share.