Kuwait International Investment Holding Company held its Extraordinary General Meeting (EGM) on16 June 2022 and approved the Board of Directors’ recommendation to increase the Company’s issued and fully paid-up capital from 33,527,969 shares to 40,233,562 shares, by distributing 20% bonus shares of the company’s issued capital, for an aggregate amount of 6,705,593 shares to be distributed shareholders registered in the Company’s records as of the AGM’s date, for the financial year ended 31 December 2021. The EGM also authorized the Board of Directors to determine the methods and dates of calling this capital increase and to dispose of any fractional shares that may result thereof, in addition to outlining all related procedures.

The EGM also passed a resolution approving the Board of Directors’ recommendation to amend Article (6) of the Memorandum of Incorporation and Article (5) of the Company’s Articles of Association as follows: The Company’s authorized, issued, and paid-up capital was set at KWD 4,023,356.260, distributed over 40,233,562 shares, at a nominal value of 100 fils per share. All shares are fully paid, and in cash. The EGM also authorized the Board of Directors to take the necessary actions in this regard.