Kuwait Saudi Holding Company held its Extraordinary General Meeting on Monday, 12 September 2022, and approved to reduce the company’s authorized, issued, and paid-up capital from KWD 2.8 million to KWD 2.1 million, by distributing a surplus of KWD 776,636 to eligible shareholders as of the record date.

The EGM also approved to amend Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association, in addition to  obtaining the Ministry of Commerce and Industry’s approval on this amendment and to register the change in the Commercial Register as follows: The Company’s authorized, issued, and paid-up capital was set at KWD 2.1 million, distributed over 21 million ordinary shares, at a nominal value of 100 fils per share, and all shares are in cash.