Doha: Mushrif Trading & Contracting yesterday announced that it has increased its capital by KD10.7m. Following this placement, the company’s total paid up capital will reach KD30.7m.
“We are very pleased with the successful capital increase and the positive implications this has for our business and its strategy. The new funds will enable Mushrif to reduce its non-project related debt and hence strengthen its balance sheet considerably,” Chairman Faisal Juma Khalfan Belhoul said.
“This will enable Mushrif to continue focusing on its core market of Kuwait and seek other growth markets within the GCC,” he said.
The Peninsula
