Moya Real Estate Project Management Company held its Extraordinary General Meeting (EGM) on Thursday, October 7, 2021, and passed a resolution to reduce its capital from of KWD 4,178,699 to KWD 1 million, i.e., by KWD 3,178,699 equivalent 76.069%, to amortize part of its KWD 3,769,286 accumulated losses as of June 30, 2021, by KWD 3,178,699. The remaining amount of accumulated losses would be KWD 590,587 as per the audited financial position on June 30, 2021. Accordingly, the EGM passed a resolution to amend Article (6) of the Memorandum of Incorporation and Article (5) of its Articles of Association as follows: (The company’s authorized, issued, and paid-up capital is set at KWD 1 million distributed over 10 million shares. The value of each share is 100 fils.