The Board of Directors of KIPCO recommended canceling 10% of the treasury shares, and then increasing the capital by 44% in favor of Global’s shareholders, to complete the merger between the two companies, Under which each share in Global will be replaced by 0.75 shares in KAMCO.

The net profit of KAMCO grew in the fourth quarter of 2018, by more than 10 times to 1.5 million Kuwaiti dinars, and profits increased by 124% during 2018, compared to the same period. From the year before to 2.6 million Kuwaiti dinars.

This increase is due to the profit resulting from the acquisition of approximately 70% of Global at a price lower than the carrying out assessment of its assets and liabilities.

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