Kuwait Projects Holding Company (KIPCO) announced the full subscription of the company's capital increase, after it was announced that the subscription was closed on Sunday, November 21, 2021 .
The company said in a statement to the Kuwait Stock Exchange, today, Sunday, that the subscription shares will be deposited in the capital increase and the subscription surpluses will be transferred to the bank accounts of the company's shareholders within 5 working days. From its history.
The closing process will result in an increase in the number of the company's capital shares by 640 million shares, the value of which will represent additional financing for the company at a value of 80 million dinars.
The company's profits rose 43% in the first nine months of this year; To reach 16.5 million dinars, compared to 11.5 million dinars, profits for the same period last year.
