The Board of Directors of Kuwait Medical Services Company announced to shareholders who have not yet submitted their applications to exercise the rights issue to participate in the company’s capital increase through private placement in 2021 that the deadline has been extended until Monday, December 27, 2021. Noting that the subscription is open for 88,282,908 shares at a nominal value of (100 fils) per share with no premium. The payment shall be in one installment at a rate of 162.364% of the shareholders ownership in the company’s registry as of December 2, 2021.
Kuwait Medical Services Company’s board of directors said that in the event that any of the shareholders didn’t participate in the capital increase, other interested shareholders are entitled to subscribe in the remaining unsubscribed portion of the capital increase allocated shares according to the following instructions:
-Required documents: Fill out the subscription application and submit a copy of the civil ID for individuals and a copy of the commercial registration for companies. – Acceptable Payment Methods: bank transfer or cash deposit directly into Kuwait Medical Services Company’s bank account at Al-Ahli Bank of Kuwait – Main Branch.