Kuwait-Mubasher: Board members of Al Masaken International Real Estate Development agreed on decreasing the capital to KWD 10 million distributed on 100 million shares with a nominal value of 100 fils a share, down from KWD 20 million distributed on 200 million shares with a par value of 100 fils each.
The capital reduction will be carried out through cancelling an amount of shares equal to KWD 10 million, Al Masaken said in a bourse statement on Tuesday.
