Widyan Real Estate Company held its Extraordinary General Meeting (EGM) for the financial year ended 31 December 2021 on Sunday, 19 June 2022, and passed a resolution to reduce its authorized, issued, and paid-up capital from KWD 10 million to KWD 1.5 million. The EGM also agreed to distribute the surplus after the capital reduction to shareholders registered in the company’s records as of the EGM date. Accordingly, it was 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 has been set at KWD 1.5 million), distributed over 1.5 million shares, at a nominal value of KWD 1 per share, and all shares are in cash.