English translation
If it appears—after subscription has closed—that it has exceeded the shares offered, the shares must be allocated to subscribers in proportion to what they subscribed for, and distribution shall be made to the nearest whole number. The board of directors shall dispose of fractional shares the company’s account.
Arabic original
إذا ظهر - بعد قفل باب الاكتتاب - أنه قد جاوز الأسهم المطروحة وجب تخصيص
الأسهم على المكتتبين بنسبة ما اكتتبوا به، ويجري التوزيع لأقرب رقم صحيح،
ويقوم مجلس الإدارة بالتصرف في كسور الأسهم الحساب الشركة.Ask about this article
Guidance based on this article and the Kuwait legal sources available on this platform, separate from the original text.
