Rasiyat Holding Company announced in a statement to Boursa Kuwait on Monday that its Board of Directors has approved the subscription to shares to increase its ownership stake in its subsidiary, Orient Education Services Company.
The company explained that this subscription is in line with the priority rights outlined in Article 12 of the subsidiary's articles of association, with a total subscription value of 1.41 million Kuwaiti dinars.
It also noted that the financial impact of this transaction will be reflected in the interim financial statements for the third quarter of 2024.