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Kuwaiti ISKAN Company pumps 22.8 million dinars to its capital

Kuwait - May 19, 2015
ISKAN

ISKAN Company has announced the completion of capital restructuring process after installing big number of new shareholders instating 71% of the company’s total shares with a value of 22.8 million dinars. The reconstruction procedure led to decreasing the company’s indebtedness to less than 13 million dinars.

Iskan’s share book value stands at 107 fils. The company uncovered its intentions to execute a three-year plan relying on investing and financing especially in real estate sector.

It’s worth mentioning that ISKAN has halted trading on its shares till the end of the restructuring process, and vowed proceeding trading after the delayed general assembly meeting.

ISKAN was established in 2002 and works in providing fund loans to firms and companies, it works also in financing properties purchase and development.

 

 

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