Orient Education Services Company held its extraordinary general assembly on July 16, 2024, and approved reducing the company’s authorized, issued and paid-up capital, from KD 10 million dinars to KD 2.9 million, by KD 7 million after using the entire mandatory reserve of KD 20,570 .
Furthermore, the assembly gave the green light to increase the company's authorized capital from KD 2.9 million to KD 6 million, representing an increase of KD 3 million at a value of 100 fils per share. Additionally, amendments to Article No. 5 & No. 6 of the Articles of Association regarding the company's capital were approved.
The company's authorized capital was set at KD 6 million Kuwaiti dinars, distributed over 60 million shares, each valued at 100 Kuwaiti fils, and all shares are in cash, and the company's paid-up capital is KD 2,983,976, distributed over 29,839,760 shares, each valued at 100 fils, and all shares are in cash.