News

21 October 2018

Global to implement capital reduction and distribution of KWD7.5mn to shareholders registered on 23 October 2018

Following shareholders’ approval on 6 September 2018 and after obtaining required regulatory approvals, the capital issued and paid-up capital of Global Investment House KSCC will be reduced from KWD 57,016,898 to KWD 49,516,898 and proceeds amounting to KWD7.5mn will be distributed to shareholders registered on Tuesday 23rd of October 2018.

The capital reduction is around 13.47% 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 Wednesday 24th of October 2018 at Sharq, Gulf Road, Ahmed Tower, fifth floor, Tel: 22464585.

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