KUWAIT: Kuwait’s Jazeera Airways yesterday said it had raised its capital by 74 percent to KD42m ($149m) through a share issue which was 2.25 times oversubscribed.
The airline issued 178 million shares priced at 100 fils each from December 16 to 31, it said in a statement. There are 1,000 fils in a dinar.
The share sale is the latest in a series of capital raising measures by Kuwaiti companies. In December, Burgan Bank issued a KD100m bond, the largest ever local currency issue by a company in the Gulf Arab state. Reuters
