The Universal Payment Services Company held its postponed extraordinary general assembly on Monday, December 16, 2024, and approved an increase of its authorized, issued, and fully paid capital from K.D. 981,291 (Nine Hundred Eighty-One Thousand Two Hundred Ninety-One Kuwaiti Dinars) to K.D. 1,000,000 (One Million Kuwaiti Dinars). 

This increase will be achieved by settling part of the debt owed to Ms. Intisar Abdulrahim Al-Suwaidi amounting to K.D. 18,709 (Eighteen Thousand Seven Hundred Nine Kuwaiti Dinars) through the issuance of new shares totaling 187,090 shares (One Hundred Eighty-Seven Thousand Ninety Shares) at a nominal value of 100 Fils each, in favor of her against that debt, with shareholders waiving their rights to participate in the increase.

Additionally, the assembly approved the amendment of Article (6) of the Articles  of Association and Article (5) of its Articles of Incorporation to reflect that the company's authorized, issued, and paid-up capital is set at 1,000,000 K.D. (One Million Kuwaiti Dinars), distributed over 10,000,000 shares (Ten Million Shares) with each share valued at 100 Fils, all of which are cash shares.