First Hotels Company, a Kuwaiti closed shareholding entity, was established according to the legal documentation provided by the Ministry of Justice, Real Estate Registration and Documentation Department, under Memorandum No. 1385 / Volume 1 on March 12, 2005. It has undergone several amendments, with the most recent being recorded in the Commercial Register under No. 106425 on January 24, 2016.
Capital Structure of the Company:
The authorized, issued, and fully paid-up capital of First Hotels, as reported in the financial statement for the fiscal year ending on December 31, 2021, is KD 40 million. This figure is consistent with the capital for the year 2020. The capital is allocated across 400 million shares, each with a nominal value of 100 fils, and all shares have been subscribed and paid in cash.
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