The Extraordinary General Meeting (EGM) held by Boubyan Capital Investment Company on Sunday, September 26, 2021 at 11:00 a.m. passed the following resolutions: First: Approve increasing the company’s authorized capital from KWD 15,697,343 distributed over 156,973,430 shares, valued at  (100) fils per share to KWD 36,697,343 distributed over 366,973,430 shares valued at 100 fils per share, i.e. an increase of KWD 21 million, and authorizing the Board of Directors to determine the amount of the capital increase, the dates and value of its issuance of the share premium (if any) and all other related terms and conditions in a manner consistent with the provisions of the law.
The EGM unanimously approved this proposal.
Second: To pass a resolution to increase the Company’s issued and paid-up capital from KWD 15,697,343 distributed over 156,973,430 shares, valued at (100) fils / share to KWD 30,697,343 distributed over 306,973,430 shares, valued at (100) fils/ share, an increase of KWD 15 million. The increase shall be in cash and paid in one installment.  Shareholders registered in the company’s records at the end of the day of the EGM’s date are eligible to participate in this capital increase. Shareholders shall have priority in subscribing to new shares pro rata to their stake in the company’s capital. The EGM unanimously approved this proposal. Accordingly, Article (7) of the Company’s Memorandum of Incorporation and Article (5) of its Articles of Association related to the company’s capital were amended to reflect the following: The company’s authorized capital is set at KWD 36,697,343 distributed over 366,973,430 shares, valued at (100) fils/ share. All shares are cash.
The Company’s issued capital is set at KWD 30,697,343, distributed over 306,973,430 shares, valued at (100) fils/ share.  All shares are in cash. The company’s paid-up capital is set at KWD 30,697,343, distributed over 306,973,430 shares, valued at (100) fils/ share.  All shares are in cash. The EGM unanimously approved this proposal.