Mubasher: Eyas for Higher and Technical Education said that its ordinary general meeting (OGM) has approved the board’s recommendation of increasing the authorised and paid-up capital to KWD 25 million from KWD 12.12 million, Alrai Newspaper reported.

The company will execute the capital increase through KWD 12.58 million worth bonus shares in addition to KWD 282,000 from the optional reserve, Alrai noted.

Eyas will focus on expansion plans in the field of education in Kuwait in the coming period.

It is noteworthy that Eyas was trading on Boursa Kuwait before it had withdrawn from it at the end of September 2017.