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Muzammil

Entries by Muzammil Jal

KPFI Capital Increase – Private Placement-2019

Private placement in the capital increase by 20% Kuwait Pillars Financial Investment Company KSC announces that the private placement in the capital increase by 20% was not completed in the previous period, which was from 31/03/2019 to 11/04/2019. Therefore, the subscription period will be extended for the company’s shareholders registered in the shareholders register as of 28/03/2019 and the dates will be announced later.

KPFI Capital Increase – Private Placement-2019

Private placement in the capital increase by 20% Kuwait Pillars for Financial Investment Company is pleased to invite its shareholders registered in the company’s shareholders list as of 28/03/2019 to subscribe to the capital increase by issuing of 60,000,000 shares at 100fils per share and without issuance premium from 31/03/2019 to 11/04/2019. In accordance with the resolution of the Board of Directors at its meeting # 145 held on 10/02/2019 and in accordance with the approval of the Extraordinary General Assembly held on 04/02/2018. To download the PPM and subscription form, please click on the following link: http://www.kuwaitpillars.com.kw/wp-content/uploads/2019/03/PPM-2019.pdf

KPFI Capital Increase

The management of KPFI announces that the Board of Directors has decided to increase the issued and paid-up capital from KD 30,000,000 to KD 36,000,000 by an increase of approximately 20% by issuing 60,000,000 shares at a nominal value of 100 Fils per share and no issuance premium for the shareholders registered in the company\'s shareholders list and the dates will be announced later.Based on the Extraordinary General Assembly Meeting held on 04/02/2018 in which it was decided to \"increase the issued and fully paid up capital from KD 30,000,000 (30 million Kuwaiti Dinars) to the authorized amount of 50,000,000 (50 million Kuwaiti Dinars) (100) Kuwaiti Dinars per share and to authorize the Board of Directors to determine the amount of the increase and the dates of issuance and the value of the issuance premium (if any) and all other terms and conditions thereof in a manner not inconsistent ...