The Gulf Takaful Insurance Company (Takaful) held its extraordinary general assembly on Wednesday, November 20, 2024, and approved an increase in its issued and paid-up capital from KWD 10 million to KWD 20 million, an increase of KWD 10 million, at a nominal value of 100 Fils per share.

This cash increase will be paid in installments and is designated for current shareholders registered in the company's records by the time of the extraordinary general assembly, with the Board of Directors being authorized to set the controls, rules, and conditions for calling the capital.

The company also approved the amendment of Article 6 of the Articles of Association and Article 7 of the company's bylaws as follows: the authorized and issued capital is set at KWD 20,000,000, divided into 200,000,000 shares, each valued at 100 Fils, with all shares being cash.