"Kuwait Dairy Company" agrees to increase its capital to 2.5 million Kuwaiti dinars

تم النشر على almowazi.com في 05 أغسطس 2020
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The Extraordinary General Assembly of the Kuwait Dairy Company held on Tuesday, May 12, 2020, agreed to increase the capital of the company from KD 2,255,000 (two million two hundred and fifty five thousand Kuwaiti dinars) to KD 2,500,000 (two million five hundred thousand Kuwaiti Dinars, an increase of KD 245,000 (two hundred and forty-five thousand Kuwaiti dinars), through the distribution of shares granted to shareholders with a number of 2,450,000 shares (two million and four hundred and fifty thousand shares) at a rate of 10,846% of the capital so that the total number of shares (capital) 25,000,000 shares (twenty five million shares with a nominal value of one hundred fils per share, for the shareholders registered in the company’s records at the date of the meeting, after the approval of the competent authorities and authorization of the company’s board of directors to dispose of the fractional shares resulting from the distribution of the bonus shares. No. (5) of the Articles of Association related to the capital of the company to become as follows: The company’s capital was set at KD 2,500,000 (two million and five hundred thousand Kuwaiti dinars) distributed over 25,000,000 shares (twenty five million shares), the value of each nominal share is 100 p Not (one hundred fils) and all shares are cash.

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