Bahrain Kuwait Insurance okays capital hike

Bahrain Kuwait Insurance shareholders recently approved raising both the authorised and paid-up capital.

Board members have recommended increasingthe authorised capital to BHD20 million from BHD10 million, and the paid-up capital to BHD14.3 million from BHD7.15 million according to a bourse disclosure. The capital hike aims at executive the company’s strategy in the next three years, according to a Mubasher report.