Beyout Investment Group Holding held its Extraordinary General Meeting on Monday, 12 September 2022 at 12:30 p.m., and approved the Board of Directors recommendation to reduce the Company’s authorized, issued and fully paid capital from KWD 60 million to KWD 30 million distributed over 300 million shares at a price of (100 fils) per share for an aggregate amount of KWD 30 million to be refunded to shareholders registered in the company’s records pro rata to their interests in the Company as of the AGM date. Accordingly, the EGM approved to amend Article (7) of its Memorandum of Incorporation and Article (5) of its Articles of Association regarding the company’s capital as follows: The Company’s authorized, issued, and fully paid capital was set at 30 million, distributed over 300 million shares at a nominal value of 100 fils per share and all shares are cash and in-kind.  Cash shares amount to KWD 26 million and in-kind shares amount to KWD 4 million. This capital reduction is subject to receiving all regulatory approvals.