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Kipco plans $457m capital boost

Kuwait, March 30, 2011

Kuwait Projects Company (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.-Reuters




Tags: Kuwait Projects Company | Kipco |

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