The extraordinary general assembly of AlKhaled International Holding Company held on January 9, 2025, approved an increase in its authorized, issued, and paid-up capital from KWD 4.8 million to 4.854 million Kuwaiti dinars. The company indicated that this increase would be paid in one installment and would be available to new shareholders, with current shareholders waving their preemptive rights alongside authorizing the Board of Directors to establish the rules and conditions for the capital call.
his item was approved by 98.9316% of votes, while the Child Affairs sector reserved 1.068% of the attending votes until an inquiry letter regarding the increase is received.
The general assembly of Al-Khalid International also agreed to amend Article (6) of its articles of incorporation and Article (5) of its articles of association, stating that the company's authorized and issued capital is set at K.D. 4,854,164 (exactly four million eight hundred fifty-four thousand one hundred sixty-four Kuwaiti dinars), divided into 48,541,640 shares (forty-eight million five hundred forty-one thousand six hundred forty shares) at a nominal value of 100 Fils per share, with all shares being cash shares. The paid-up capital of the company is established at K.D. 4,800,000 (forty-eight million shares at 100 Fils per share, all cash shares), approved by 98.9316% of votes, with the Child Affairs sector receiving 1,068% of attending votes.