Kuwait Bahrain International Exchange Company held its Extraordinary General Meeting (EGM) on Monday, 20 June 2022 at the company’s headquarters, and passed a resolution to increase its authorized, issued, and paid-up capital from KWD 4.62 million to KWD 7.17 million, up by KWD 2.55 million, by distributing bonus shares to shareholders registered in the company’s records as of the AGM date. The Board of Directors was authorized to dispose of the fractional shares, if any. Accordingly, the EGM approved to amend Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association, as follows: The Company’s authorized, issued, and paid-up capital was set at KWD 7.17 million distributed over KWD 71.7 million, at a nominal value of 100 fils per share, and all shares are in cash.