Mubasher: Tamdeen Investment announced that its 99%-owned subsidiary Wafra Holding held its ordinary general meeting (OGM) on Wednesday to increase its capital.

Wafra Holding’s shareholders approved raising the capital by KWD 24 million, according to a bourse statement on Wednesday.

The financial impact of raising Wafra’s capital will reflect on Tamdeen Investment’s business profile.

It is noteworthy that Tamdeen Investments posted a slight rise of 0.3% in profits to KWD 6.71 million in fiscal year 2017 from KWD 6.69 million in the prior year.