Bahrain Kuwait Insurance to raise capital
Monday, 12 11 2017, Category: Insurance and Reinsurance, Country: Bahrain
The board members of Bahrain Kuwait Insurance on 9 December approved increasing the company’s both authorised and paid-up capital.
The board has recommended the ordinary general meeting (OGM) to raise the authorised capital to BHD 20 million from BHD 10 million, according to a bourse statement disclosed on Sunday.
Bahrain Kuwait Insurance’s board proposed increasing the paid-up capital to BHD 14.3 million instead of BHD 7.15 million through distributing bonus shares of 1-for-1 share to the shareholders registered on records of the OGM’s date.