Orbex Capital for Management and Economic Consulting Company held its extraordinary general meeting on Thursday, June 13th, 2024, and it was discussed to increase its issued and paid-up capital from KD 10 thousand to KD 505 thousand, an increase of KD 495 thousand through the issuance of the equivalent of 4,950,000 shares, at an offering price 100 Kuwaiti fills per share.
It also agreed to amend Article No. (9) of its articles of association and Article No. (5) of its articles of association, and their text became as follows:
The authorized capital was set at KD 1 million, the issued capital at KD 505,000, the paid-up capital KD 10,000, and all shares are in cash.