Shuwaikh International Holding Company held its Extraordinary General Meeting (EGM) on 20 March 2022 at the company’s headquarters, and passed a resolution amending Article (68) of its Articles of Association pursuant to Law No. (79) of 2019 amending the provisions of Law No. 1 of 2016, as follows: : Subject to the provisions of the Company’s Memorandum of Incorporation, the AGM may, upon the Board of Directors’ recommendation, distribute profits to shareholders at the end of the financial year or the end of each financial period. For those distributions to be valid, it must be deducted from actual profits in accordance with the generally accepted accounting principles. This distribution shall not affect the company’s paid-up capital.