Mubasher: The board members of Al Maidan Dental Clinic approved for a 99%-owned subsidiary to raise its capital.
The subsidiary Maidan Capital for Shares and Real Estate will increase its capital by KWD 2.96 million, according to a bourse statement on Sunday.
Al Maidan Dental clarified that no financial impact will be realised in the current time, but it will disclose it will be registered in the short term.
It is noteworthy that Al Maidan achieved an increase of 22.4% in profits to KWD 5.58 million in fiscal year ended on 31 March 2018 compared to KWD 4.56 million in the prior fiscal year.
