News

27 July 2017

Global to implement the capital reduction and distribution of KWD22.9mn to shareholders registered on 2 August 2017

Following shareholders’ approval on 22 June 2017 and after obtaining required regulatory approvals, the capital issued and paid-up capital of Global Investment House KSCC will be reduced from KWD 79,923,398 to KWD 57,016,898 and proceeds amounting to KWD22.9mn will be distributed to shareholders registered on 2 August 2017.

The capital reduction is around 29.14% of the number of shares owned by each shareholder (excluding treasury shares) at the price of KD 0.100 for each canceled share paid to the shareholder in cash.

 

Shareholders could receive the proceeds of the capital reduction by contacting Kuwait Clearing Company starting from Tuesday 8 August 2017 at Sharq, Gulf Road, Ahmed Tower, fifth floor, Tel: 22464585.

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