On Sunday, July 23, 2023, Afaq Educational Services Company held its Extraordinary General Assembly, where it passed a resolution to increase the company's authorized, issued, and paid-up capital from KD 1 million to KD 10 million. This increase amounting to KD 9 million will be achieved through an issuance of shares with a nominal value of 100 fils and an issuance premium of 500 fils per share. 
Furthermore, the Board of Directors has been granted the authority to determine the controls, rules, and conditions with regard to this capital increase.
Additionally, the General Assembly approved the amendment of Article (5) of the company's Articles of Association and Article (6) of the Memorandum of Association, which will come into effect after receiving the necessary approvals from the relevant authorities. As per the amendment, the authorized, issued, and paid-up capital of the company will be set at KD 10,000,000 (ten million Kuwaiti Dinars), divided into 100,000,000 shares with a nominal value of 100 Kuwaiti fils each. All shares will be paid for in cash.