The International Real Estate Projects Group was founded in July 2003 as a Kuwaiti closed joint-stock company with a capital of 2.000.000 Kuwaiti Dinars, distributed into 20.000.000 shares with a face value of 100 Fils per share. Pursuant to a resolution of the extraordinary General Assembly held on 10/7/2008, the capital was increased to 10.501.208.500, and divided into 105.012.085 shares with a share face value of 100 Fils. All shares are in cash.

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