Mubasher: The ordinary general meeting (OGM) of Sultan Center Food approved an increase of KWD 25 million in its authorised capital.
Sultan Center will raise its capital to KWD 82.88 million from KWD 57.88 million, according to a bourse statement on Thursday.
The shareholders also agreed on issuing convertible bonds to ordinary shares in Sultan Center’s capital with a maximum of KWD 15 million or any other currency, for a period of 10 years or less.
