Mubasher: National Investments Co has received a letter from the Capital Markets Authority, issued with the date 26 June 2019, referring to modifications in the company’s memorandum of association as well as articles of association.
Upon this procedure of the CMA, the capital of National Investments will be reduced to KWD 79.786 million from KWD 87.621 million, the company said in a recent bourse filing.
Furthermore, the remaining amount of the treasury shares reserves will be transferred from the nominal to the optional reserve; therefore, the treasury shares stock will become zero, while the optional reserve will be KWD 25.409 million.
