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 with the provisions of the law. “