Orient Education Services Company will hold its extraordinary general meeting on Tuesday, July 16th, 2024, to discuss reducing its authorized, issued and paid-up capital from KD 10 million to KD 6 million, in addition to amending Article (5) & (6) of the Articles of Association, to become as follows:
The company’s authorized capital is set at KD 6 million distributed over 60 million shares. The value of each share is 100 fils, and all shares are cash, the company’s issued capital is at KD 5 million while the paid-up capital is at KD 2,983,976, distributed over 29,839,760 shares. The value of each share is 100 Kuwaiti fils, and all shares are cash.