Kuwait Investment Company (Kuwaiti) announced in a statement issued to Boursa Kuwait that its subsidiary Al-Massar Leasing and Investment Company held its Extraordinary General Meeting (EGM) and approved to reduce its capital from KWD 16.05 million to KWD 12,294,354 to write-off the remaining amount of accumulated losses of KWD 5,236,59, as recorded in the audited financial statements for the financial year ended 31 December 2021. As for the financial impact of this action, the Company clarified that there is no financial impact on the consolidated financial statements.