Orient Education Services Company will discuss in its upcoming extraordinary general assembly, scheduled for Wednesday, April 16, 2025, at 12:30 PM, a reduction of its issued capital from K.D. 6,000,000 (six million Kuwaiti dinars) to K.D. 5,500,000 (five million five hundred thousand Kuwaiti dinars), by an amount of K.D. 500,000 (five hundred thousand Kuwaiti dinars) due to the non-payment of issued capital.
The assembly will also consider amending Article (6) of the Articles of incorporation and Article (5) of the Articles of Association, with the amended text reading as follows:
The company’s authorized capital is established at K.D. 6,000,000 (six million Kuwaiti dinars), divided into 60,000,000 shares, with each share valued at 100 Fils, and all shares are cash shares. The issued capital is set at K.D. 5,500,000 (five million five hundred thousand Kuwaiti dinars), divided into 55,000,000 shares, with each share valued at 100 Fils, and all shares are cash shares.
The paid-up capital is K.D. 5,000,000 (five million Kuwaiti dinars), divided into 50,000,000 shares, with each share valued at 100 Fils, and all shares are cash shares.
Additionally, the agenda will include a discussion to amend Article (5) of its articles of incorporation and Article (4) of its Articles of Association regarding the objectives for which the company was established.
The amended text will state the following:
• Managing kindergartens.
• Managing schools.
• Opening and establishing schools.
• Opening and establishing private institutes.
• Establishing private universities and colleges.
• Managing higher institutes.
• Managing vocational training centers.
• Managing private training institutes.
• Providing educational consulting services.
• Investing financial surpluses in financial portfolios managed by specialized companies and entities.
• Managing private university colleges and institutes.
• Managing private universities.
• Selling and purchasing stocks and bonds for the company’s account.
• Owning properties and movable assets for the company's interest.
• Selling and purchasing land and properties for the company’s account only.
• Investing financial surpluses in financial portfolios managed by specialized companies and entities.
It is noteworthy that all objectives of the company will be carried out in accordance with Islamic Sharia provisions.
The company shall be entitled to conduct the activities both in Kuwait and abroad, either directly or through an agency.
Furthermore, the company may have interests or engage in any capacity with entities that conduct similar businesses or those that may assist it in achieving its objectives in Kuwait or abroad, and it has the right to establish, participate in, or acquire these entities or affiliate with them.