OREANDA-NEWS. Gulf Warehousing Company announces that the Corporate Supervision Department of the Ministry of Economy & Commerce has approved the GWC Board’s proposal to increase company’s capital by 25%, which is equivalent to11,890,244 shares, at a nominal value of QAR (10) per share, and an issuing premium of QAR (28.50) per share (therefore amounting to a total of QAR 38.50 per share).

The ompany announces the process of getting the Ministry of Economy & Commerce to approve a date to convene an Extraordinary General Assembly Meeting which has to adopt & ratify this transaction.