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Kuwait
Al-Masaken International Real Estate Development Company, listed on the Kuwait Stock Exchange, announced the closure of the subscription in the capital increase on Sunday.
Al-Masaken explained that there is no trace of the material information at the moment, provided that the results of the subscription and allocation will be disclosed later, according to the company’s statement to the Kuwait Stock Exchange, on Monday.
The company’s losses amounted to 38.64 thousand dinars during the first half of 2026, a decrease of 97.98% from its level of 1.92 million dinars in the same period of 2025
It is noteworthy that the generality of the company had approved, last July, the continuity of the company according to the proposed plan, in addition to the approval of the restructuring of capital by reduction and increase to address the accumulated losses.
On the other hand, the losses of "housing" amounted to 38.64 thousand dinars, during the first half of the current year 2026, down 97.98% from the level of 1.92 million dinars in the same period last year, according to the latest data announced.
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