Investor Presentation 2Q/ 1H2023
Capital Increase
Kuwait International Bank
K.S.C.P. Rights Issue
KIB successfully completes capital increase via rights issue (KD 60 MIn) in June 2023
Oversubscribed by 687%
KIB successfully completed the subscription process to increase its capital by offering 429 million shares, at a value of KD 60 million. The right issue was
oversubscribed by 687%, and the capital increase comes in line with KIB's strategy to achieve further development and growth.
Following the completion of the capital increase, KIB's paid-up capital increased by 35% to reach KD 165.4 million which strengthens KIB's financial position. KIB will
use the proceeds of the capital increase to support the regulatory capital ratios and its growth plans. In addition, the proceeds will be utilized in developing digital
infrastructure for offering digital banking services of high quality.
Kamco Investment Company K.S.C.P. (Kamco Invest) managed the offering in their capacity as the Issuance Advisor and Subscription Agent, and Meysan Partners
were appointed by KIB as the Legal Advisors.
KAMCO
INVEST
17-Aug-2023
INVESTOR PRESENTATION 2Q/ 1H2023
5
مايلات
MEYSAN
PARTNERS
KIB
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