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KIPCO to raise capital to $457.5m
Kuwait Projects Co has agreed to raise the company capital to $457.5 million.
March 30, 2011 4:06 by Reuters
Kuwait Projects Co (KIPCO) has agreed to raise the company capital to 127 million dinars ($457.5 million) from 121 million dinars, the company said on Wednesday.
This will be done through a 5 percent bonus share distribution to shareholders, it said during its annual general meeting in Kuwait.