Heavy Engineering Industries and Shipbuilding Company K.S.C.P. (KWSE:SHIP) announced that it will raise KWD 3,976,000 in funding on May 9, 2019. The capital of the company will be raised from KWD 18,024,000 to KWD 22,000,000. Shareholders of the company approved the board's proposal for the transaction. The capital hike, that will be paid in tranches, will be allocated for existing and new shareholders.