By Ahmed Awad

Kuwait – Mubasher: Kuwait Syrian Holding Co. plans to delay a decision on a capital increase till conditions stabilises in Syria, said Chairman Mahmoud Al Nouri.

The company delayed Tuesday its general meeting due to lack of quorum.

The meeting was scheduled to discuss the board’s recommendation on cancelling a capital hike to KWD 35.25 million, from KWD 17.63 million.

The capital increase had been approved by the extraordinary general meeting held 16 December, 2014.

The company logged KWD 7.22 million in net loss for the fiscal year 2014, a surge of 626% from KWD 994,400 a year earlier.