" Market Complexes" Discusses Increasing Capital to KWD 9.8 million on May 26

تم النشر على almowazi.com في 11 مايو 2025
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The board of directors of the Kuwait Commercial Market Complexes company , has invited its shareholders to attend an extraordinary general assembly to be held on Monday, May 26, 2025, at its headquarters to discuss the approval of increasing its authorized and paid-up capital from KWD 9,338,601.600 (only nine million three hundred thirty-eight thousand six hundred and one Kuwaiti dinars and 600 Fils) to KWD 9,805,531.700 (only nine million eight hundred five thousand five hundred and thirty-one Kuwaiti dinars and 700 Fils), by issuing 4,669,301 shares (four million six hundred sixty-nine thousand three hundred and one shares), equivalent to KWD 466,930.100 (four hundred sixty-six thousand nine hundred thirty Kuwaiti dinars and 100 Fils), representing 5%, distributed as free bonus shares to its registered shareholders in the company’s records up to the date of the general assembly, and authorizing the board to handle any fractional shares, if present.

Accordingly, it will be discussed to amend the text of Article (6) of its Articles of Incorporation and Article (5) of its articles of association as follows obtaining the approval of regulatory authorities:

The company's authorized and issued paid-up capital is set at KWD 9,805,531.700 (nine million eight hundred five thousand five hundred and thirty-one Kuwaiti dinars and 700 Fils) distributed over 98,055,317 shares (ninety-eight million fifty-five thousand three hundred and seventeen shares) with a nominal value of 100 Fils Kuwaiti (one hundred Fils Kuwaiti), and all shares are cash.

It clarified that if the legal quorum is not met, the two meetings will be postponed to Monday, June 2, 2025, at the same time to discuss the same agendas.

Capital increase

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