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Wataniya to resume trading on KSE this week

Analysis

Wataniya Airways stated its board has proposed to increase its capital by KWD15 million (USD37.4 million) with the aim of restructuring the company and resuming trading on the Kuwaiti Stock Exchange. The company also stated its extraordinary general assembly will be invited to convene to discuss the extraordinary agenda, which includes two items, namely considering an increase of the company's capital, and consideration of the company's future.

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