Meps

MEPS was established in 2009 with a paid-up capital of USD 7 million, distributed over 5 million shares. In the same year, MEPS increased its paid-up capital to USD 8.4 million In 2012, MEPS raised its capital to USD 8.7 million following a write-off amounting to USD 2.8 million in 2010 and a capital injection of USD 3.1 million from its shareholders In 2012, MEPS further augmented its capital to USD 11.5 million by introducing a new shareholder: MENA Applications and Telecommunication Services In 2014, MEPS further augmented its capital to USD 12.1 million by introducing two new shareholder: Burgan Bank Turkey and Burgan Bank Kuwait. "People are definitely a company's greatest asset. It doesn't make any difference whether the product is cars or cosmetics.