National Industries Group Holding - KPSC announced a private placement of 1,500,800,000 common shares at the price of KWD 0.10 per share for gross proceeds of KWD 150.08 million on December 21, 2021. Post the closing, the registered capital of the company will increase from KWD 149.92 million to KWD 300 million. The transaction has been approved at the extraordinary general meeting.