Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kuwait Financing to Sell Rights Shares to Raise Capital

June 16 (Bloomberg) -- Shareholders of Kuwait Finance & Investment Co., an investment and asset management firm, approved plans to sell rights shares to raise its capital to 54.15 million dinars.

The company will first reduce its capital to 34.15 million dinars from 41.9 million dinars to absorb accumulated losses, and then offer the rights shares to raise the capital, according to the plan approved in Kuwait City today.

Link to Company News:{KFIC KK <Equity> CN <GO>}

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.