Orient Real Estate Investment Company, previously known as Orient Group Real Estate Company, was established on January 8, 2006, under Memorandum No. 172/Volume 1, with subsequent amendments. The latest amendment was recorded in the Commercial Register on May 9, 2017, under No. 83012.
The previous capital of Orient Real Estate Investment amounted to KD 16,008,300. However, during an Extraordinary General Assembly held on April 9, 2017, the company's authorized, issued, and fully paid-up capital was increased to KD 16,808,715. This increase was achieved through the distribution of bonus shares to shareholders registered in the company's records as of the assembly date. The Board of Directors was granted the authority to dispose of any fractional shares. Consequently, Article 6 of the Memorandum of Association and Article No. 5 of the Articles of Association were amended to reflect this change. The revised capital is now distributed over 168,087,150 shares, each with a nominal value of 100 fils. All the shares have been paid for in cash.
As of the annual financial report for the year ended December 31, 2021, the current authorized, issued, and fully paid-up capital of Orient Real Estate Investment stands at KD 16,808,715. This capital is distributed over 168,087,150 shares, with a nominal value of 100 fils per share, all of which have been paid for in cash.
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