"The Board of Directors of the Coast Development and Investment Company recommended at its meeting on Tuesday, restructuring the company's capital by reducing and extinguishing the accumulated losses on the company.

"The coastline said in a statement to Kuwait Stock Exchange on Wednesday that the Council recommended public reduction from KD 62.53 million to 46.50 million dinars, after extinguishing part of the accumulated losses Of KD 24.92 million from the total accumulated losses of KD 24.92 million as in the 2020 financial statements.

The Board of Directors also recommended amending some of the company's platform materials.

"The coast was turned to the loss last year worth 10.19 million dinars, compared to the profits in 2019, 586.49 thousand dinars.