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Al Masaken International Real Estate Development Company, listed on the Kuwait Stock Exchange, has completed all the procedures related to increasing the company’s issued and paid-up capital from KD 1.10 million to KD 4 million, through the issuance of new shares of 29 million shares.
Al-Masaken confirmed that the subscription period for the capital increase was closed on October 18, 2026, and the entire shares of the issuance were subscribed, and allocated to subscribers, and the value of the issuance amounted to 2.9 million dinars, representing the nominal value and without the issuance premium, according to the company’s disclosure to the Kuwait Stock Exchange, on Thursday.
She explained that after the completion of the capital increase, the number of shares issued and fully paid up by 29 million shares increased from 11 million shares to 40 million shares, representing an increase of about 263.64%, and accordingly, the company’s paid-up capital increased by 2.9 million dinars from 1.1 million dinars to 4 million dinars.
The losses of "Housing" amounted to 38.64 thousand dinars during the first half of 2026, a decline of 97.98%
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.
It is noteworthy that the losses of "housing" amounted to 38.64 thousand dinars during the first half of this year 2026, down 97.98% from its level of 1.92 million dinars in the same period last year.
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