Solidarity Holding Company will hold its Extraordinary General Meeting (EGM) on 17 July 2022 and approved to increase the Company’s authorized, issued, and paid-up capital from KWD 10,000 to KWD 2.1 million, up by KWD 2.09 million, at a value of 100 fils per share, paid in cash in one installment. This capital increase is allocated to the Company's shareholders, pro rata to their interest in the company’s capital. 

The EGM also approved amending 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.