Nawasi United Holding Company held its Extraordinary General Meeting (EGM) on 26 July 2022, and approved to increase the Company’s authorized, issued and paid-up capital from KWD 10,000 to KWD 2.1 million, an increase of KWD 2.09 million, at a value of 100 fils per share, paid in cash and in one installment.  This capital increase is allocated to the Company's shareholders, pro rata to their interest in the company’s capital. This item was approved by 100% of the attendees. 

The EGM also approved to amend Article (8) of the Memorandum of Incorporation and Article (5) of the Articles of Association related to the Company’s capital, as follows:

he Company’s authorized and issued capital was set at KWD 2.1 million distributed over 21 million shares, at a nominal value of 100 fils per share, and all shares are in cash. 

The Company's paid-up capital was set at KWD 10,000 distributed over 100,000 shares at a nominal value of 100 fils per share, and all shares are in cash.
This item was approved by 100% of the attendees, subject to receiving regulatory approvals.