Al-Takadum Real Estate Company held its Extraordinary General Meeting on Thursday, August 19, 2021, and passed a resolution to increase the Company’s authorized, issued and paid-up capital from KWD 750,000 to KWD 1,468,712 i.e., up by KWD 718,712. Each share is valued at (0.150) fils. The rights issue is allocated to the current shareholders. All issued shares are in cash and should be paid for in one instalment. The Board of Directors was authorized to deal with any fractional shares that may arise from this capital increase. Accordingly, Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association have been amended as follows: The Company’s authorized capital was set at KWD 1,468,712, distributed over 9,791,413 shares at 150 fils per share. The issued and paid-up capital amounted to KWD 7,500,000 at a nominal value of 150 fils, distributed among 50,000,000 shares, all of which are cash shares.