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Marakez to resolve on capital hike late Sept

Marakez to resolve on capital hike late Sept
Photo Credit: Arabianeye-Reuters
MARAKEZ
MARAKEZ`R
750.79% 536.00 473.00

Kuwait-Mubasher: Real Estate Trade Centers (Marakez) will hold its – postponed – extraordinary general meeting on 28 September, to consider increasing the capital, the company said in a bourse filing.

Marakez intends to raise its capital to KWD 13.45 million from KWD 11.55 million, a growth of 16.45% or KWD 1.9 million, with a nominal value of 100 fils a share and without issue premium.