Al Mulla International Exchange Company held its Extraordinary General Meeting (EGM) on 12 June 2022, and passed a resolution to increase the Company’s authorized, issued and fully paid capital from KWD 16.5 million to KWD 17.35 million through distributing 5.15% of the Company’s’ capital as bonus shares at an aggregate value of KWD 850,000 for current shareholders registered in the company’s records as of the AGM date. The Board of Directors was also authorized to dispose of the fractional shares, if any.

The EGM also approved to amend Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association as follows: The Company’s authorized, issued, and paid-up capital was set at KWD 17.35 million, distributed over 173.5 million shares at a nominal value of 100 fils per share, and all shares are in cash.