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UPAC board approves capital raise

UPAC board approves capital raise
The company will issue 31.75 million shares
UPAC
UPAC
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Kuwait – Mubasher: The board members of United Projects for Aviation Services Company (UPAC) approved raising the capital by 31.75%.

The company will issue 31.75 million shares at a value of 630 fils per share, according to a bourse filing issued on Sunday.

Following this capital hike, the UPAC’s issued and paid-up capital will become KWD 31.18 million, distributed on 131.75 million shares.