Monday, 11 April 2011

Kuwait’s Global Investment wants to cancel capital hike - Arab News

Kuwait’s Global Investment House shareholders will vote later this month on canceling a previous approval of a 76 percent capital hike.

Global’s shareholders will vote on April 28 on “canceling the approval of the general assembly on May 5, 2010, for the capital hike worth KD100m ($361.7m),” the firm said in a statement on the Kuwaiti bourse website.

Global did not give a reason for the move.

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