Ahli Capital Investment Company (ABK Capital), the investment arm of the Ahli Bank (ABK) announced the successful completion of the capital increase procedures for Arabi Holding Group, where the subscription was covered by 377 percent, which reflecting the great interest of shareholders and investors to participate in the subscription. 

ABK Capital managed this offering in its second collaboration with the group and played a pivotal role in managing the capital increase, which contributed to ensuring a smooth process from beginning to end. 

The company's success in handling subscriptions demonstrates the extensive expertise of its workforce and their capability to fulfill the expectations of customers and partners with the utmost professionalism and trustworthiness. This also instills trust in the company's capacity to successfully execute plans for its partners within the designated timeframe. 

During this event, Dr. Hussein Shahrour, the CEO of ABK Capital, extended his congratulations to Arabi Holding Group for this achievement and stated: 

 “The success of the subscription adds to our record of successes in managing subscription operations since the launch of the company in 2006, and the great efficiency of the work team, and its keenness to accomplish the role required of it to achieve the aspirations of customers, partners and investors.” 

For his part, Chairman of the Board of Directors of Arabi Holding Group, Tariq Al-Moasherji, said:  

“We thank ABK Capital for its significant role and success in managing the company’s capital increase and closing the subscription at a rate that exceeded expectations by several times. The company’s capital was successfully increased from KWD 34.6 million to KWD 51.9 million, which we will use to develop our products and solutions and keep pace with developments to meet needs in the best possible way.”  

He added: “The capital increase of Arabi Holding Group aims to support our financial solvency, contribute to implementing our plans, develop our products, enhance our presence and successes in the Kuwaiti market, and support our expansion plan and the operations of our subsidiaries.”  

He also expressed his happiness with the success of the subscription and the remarkable turnout by shareholders, which reflects their confidence in the quality and performance of the group and demonstrates the professionalism with which the process was managed by ABK Capital.