United Projects Company For Aviation Services K.S.C.P. (KWSE:UPAC) announced that it will issue 31,750,000 common shares at KWD 0.63 per share for gross proceeds of KWD 20,002,500 on June 11, 2017. The transaction has been approved by the board of directors of the company. Post closing, the company's issued and paid-up capital will become KWD 31,180,000, distributed on 131,750,000 shares.