General Assembly of Kuwait National Bank Group Approves Increase in Authorized Capital - Sarmad
The Extraordinary General Assembly of Kuwait National Bank Group approved increasing the group's authorized capital from 274.865 million Kuwaiti dinars to 600 million Kuwaiti dinars.
Translated by Qiyas from سرمد — Original source
The Extraordinary General Assembly of Kuwait Finance House approved an increase in the group’s authorized capital from 274.865 million Kuwaiti dinars to 600 million Kuwaiti dinars, distributed across 6 billion shares, each valued at 100 fils.
Chairman of the Board Talal Bahbahani stated that this is a pivotal move supporting our readiness to transition to a new stage of growth, expansion, and development of the group’s capabilities.
For his part, Chief Executive Officer Gilles Jean van der Toel emphasized that the significance of this step lies in enhancing the bank’s proactive preparedness and granting it greater flexibility to meet any future requirements.
