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Abyar to up capital to KD106m
- Kuwait: Sunday, June 14 - 2009 at 11:15
Hisham Al-Obaid, chairman of Kuwait's Abyar Real Estate Development has said that the company plans to raise its capital from KD78.48m to KD106.73m, based on a recent decision at its general assembly. The increase, which will be at the nominal price of 100 fils per share, a three-fils issuance fee and a two-fils cost fee per share, will be opened to current shareholders according to the volume of stocks they hold, and will then be opened up to new shareholders once the legal period is concluded and the board is tasked with placing regulations and conditions for raising the capital, he said.
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StaffSunday, June 14 - 2009 at 11:15 UAE local time (GMT+4)
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