PIC's Capital Increased by $108mn to $468mn
A Decree Law has been published in the 8 March issue of the Official Gazetteproviding for an increase in the capital of the Kuwait Petrochemical IndustriesCompany (PIC) - a wholly-owned subsidiary of the Kuwait Petroleum Corporation (KPC)- by KD30mn ($108mn) from KD100mn ($360mn at the current rate of exchange of KD1= $3.60) to KD130mn ($468mn), divided into 130mn shares each with a par value ofKD1. The decree states...
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