Tamdeen Sports Company held its Extraordinary General Meeting (EGM) on Monday, December 6, 2021, and agreed to amortize its KWD 1,757,238,700 deferred losses as of December 31, 2020, so that the company’s capital would be reduced from KWD 1,930,015 to KWD 1 million. The EGM also approved to amend Article (8) of the Memorandum of Incorporation and Article (5) of its Articles of Association as follows: The Company’s authorized, issued and paid-up capital was set at KWD 1 million distributed over 10 million shares. The value of each share is (100) fils, and all shares are in cash.