Kout Food Group Company will hold its Extraordinary General Meeting (EGM) for the financial year ended 31 December 2021 on Wednesday, 30 March 2022 at 12:00 p.m. at the company’s headquarters, to discuss the items listed on its agenda, as follows:
1)    Approve the company’s Board of Directors’ recommendation to reduce the company’s authorized, issued, and paid-up capital from KWD 6,725,717 to KWD 6,691,869.500, i.e., by KWD 33,847.500 by canceling 338,475 out of 413,475 treasury shares owned by the company to reach 75,000 shares in accordance with the procedures followed by the Capital Markets Authority. The EGM will also authorize the Chairperson and CEO to take all necessary measures and to sign all requests and documents of any nature required in this regard.

2)    Approve the amendment of Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association, as follows: Authorizing the Chairperson and the CEO to take all actions, sign all requests and documents of any nature and take all necessary measures in this regard. Amending Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association as follows:
The Amended Article
The Company’s authorized, issued, and paid-up capital has been set at KWD 6,691,869.500 distributed over 66,918,695 shares, at a nominal value of 100 fils. All shares are in cash.
The company said that in the event that the quorum isn’t met, the meeting will be postponed for a week to be held on 6 April 2022 at the same place at 12:00 p.m. This announcement serves as an invitation for the postponed meeting without the need to send a new one pursuant to Article (143) of Law No. 1 of 2016 Promulgating the Companies Law, as amended.