Mubasher: The board members of Yiaco Medical has recommended, to the executive board, setting a plan to reduce the capital, according to a recent bourse disclosure.

It is noteworthy that Yiaco Medical’s capital stands at KWD 18.19 million distributed on 181.91 million shares at a par value of 100 fils each.

Yiaco Medical will disclose the plan for the capital cut after completing all the required procedures.

It is noteworthy that during fiscal year 2018, Yiaco has incurred losses worth KWD 1.36 million, 84.7% lower than KWD 8.94 losses in FY17.