GSH today announced that it has converted from a limited liability company to a closed joint stock company and the entry of new shareholders.  GSH also reports that new shareholders have invested in its capital of 5 million Kuwaiti Dinars.  The company’s capital is distributed over 50,000,000 shares, with the value of each share being 100 fils. The Securities House KSCC is the main shareholder of the company.

Fahed Boodai, CEO and Chairman of the board of GSH, stated in the company’s innaugral general assembly that GSH undertook all the necessary legal procedures to ratify the  resolutions of the General Assembly.  Boodai added that the step to convert the legal entity of the company stems from and is consistent with the company’s strategy of regional and global expansion. >