{"id":130,"date":"2012-09-27T00:00:00","date_gmt":"2012-09-27T00:00:00","guid":{"rendered":"http:\/\/mushrif.wpengine.com\/mushrif-board-of-directors-approved-share-capital-increase\/"},"modified":"2012-09-27T00:00:00","modified_gmt":"2012-09-27T00:00:00","slug":"mushrif-board-of-directors-approved-share-capital-increase","status":"publish","type":"post","link":"http:\/\/www.mushrif.com\/?p=130","title":{"rendered":"MUSHRIF Board of Directors approved Share Capital Increase."},"content":{"rendered":"<p>The Board of Directors at its meeting of 26 September 2012, approved the increase in the share capital of Mushrif Trading &amp; Contracting Co., KSCC (MTCC:KW). <\/p>\n<p>The Board also resolved on the following:<\/p>\n<p>To convene an Ordinary General Meeting (OGM) and seek shareholders approval to increase the share capital of the company in cash from KD 20 million to KD 40 mliion. <\/p>\n<p>To increase number of shares from 200,000,000 shares to 400,000,000 shares at a value of KD 0.100 per share. <\/p>\n<p>The Subscription of the new shares may be consummated in tranches of different values. <\/p>\n<p>To seek waiver of the pre-emption right of the current shareholders for the subscription in the new shares resulting from the Right Issue, for the benefit of new Shareholders from the creditors\/lenders. <\/p>\n<p>To convene an Extra ordinary General Assembly meeting (EGM) to amend Articles 6 of the Memorandum of Association of the company and Articles 5 of the Articles of Association of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Board of Directors at its meeting of 26 September 2012, approved the increase in the share capital of Mushrif Trading &amp; Contracting Co., KSCC &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-130","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.mushrif.com\/index.php?rest_route=\/wp\/v2\/posts\/130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.mushrif.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.mushrif.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.mushrif.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.mushrif.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130"}],"version-history":[{"count":0,"href":"http:\/\/www.mushrif.com\/index.php?rest_route=\/wp\/v2\/posts\/130\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.mushrif.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.mushrif.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.mushrif.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}