United Projects Company For Aviation Services K.S.C.P. (KWSE:UPAC) announced that it will issue 32,750,000 common shares at KWD 0.1 per share for gross proceeds of KWD 3,275,000 on September 13, 2018. The transaction has been approved by the board of directors of the company. Post closing, the company's issued and paid-up capital will increase from KWD 13,175,000 to KWD 16,450,000. The transaction will increase the paid-up capital by 25%.