Al-Arfaaj Real Estate Company held its extraordinary general meeting on 9/29/2024, and approved increasing the company's authorized capital from KWD 3,250,000 to an amount of KWD 32,500,000 distributed over 325,000,000 cash shares, with a nominal value of 100 fills per share, and authorizing the Board of Directors to decide to increase the issued and paid-up capital in one or several installments within the limits of the authorized capital.
The company's shareholders will then have the priority right to subscribe to it, each in proportion to his share in the company's capital for a period of not less than fifteen days from the opening of the subscription