Wabmid Tpa Services Management Company has invited its valued shareholders to attend an Extraordinary General Assembly meeting, scheduled for 11:00 AM on Wednesday, July 30, 2025, at the company’s headquarters.

The meeting will discuss several critical items related to the company’s capital structure, articles of association, and amendments to company objectives.

The agenda includes approval of increasing the authorized, issued, and paid-up capital from KD 700,000 (seven hundred thousand Kuwaiti Dinars only) to KD 1,400,000 (one million four hundred thousand Kuwaiti Dinars only), by issuing 7,000,000 new shares with a nominal value of 100 Fils per share.

This capital increase will be allocated to Warba Insurance & Reinsurance Company, with other shareholders waiving their preemptive subscription rights. The Board will be authorized to set terms, conditions, and regulations concerning capital calls and fractional shares, if any.

Amendments to Article 6 of the Memorandum of Association and Article 5 of the Articles of Association will reflect the new capital structure: KD 1,400,000 distributed over 14,000,000 shares, each valued at 100 Fils, all fully paid in cash.

The meeting will also consider amendments to Article 4 of the Articles of Association and Articles of Association regarding the company’s objectives. The revised objectives include managing insurance claims, owning real estate and movable assets for the company’s benefit, establishing or participating in companies to carry out company activities, buying and selling shares and bonds on behalf of the company, and investing financial surpluses in investment portfolios managed by specialized companies and entities.