Tawazun Holding Company will hold its Extraordinary General Meeting (EGM) for the financial year ended 31 December 2022 on Monday, 22 May 2023, at Aayan Leasing and Investment Company’s main meeting room to discusses the Board of Directors’ recommendation to reduce the company’s authorized, issued and fully paid capital from KWD 68.032 million to KWD 60.932 million, by distributing KWD 7.1 million to shareholders registered in the company’s records, pro rata to their interests in the company’s capital. This suggestion was made by the BOD due to an enormous surplus and a lack of compelling investment prospects.

The EGM will also discuss amending Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association related to the capital, as follows: The Company’s authorized, issued, and fully paid capital was determined at KWD 60,932,688, distributed over 680,326,880 shares, at a nominal value of 100 fils per share, and all shares are in cash.

The Company's board of directors advised shareholders that in the event that the quorum was not met, the postponed meeting will be held on Monday, 29 May 2023, at 11:00 am, at the same venue.