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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

To contact the editor responsible for this story: Shaji Mathew at

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