Dimah Capital Investment Company held its Extraordinary General Meeting (EGM) on Thursday, 20 April 2023 at the company’s headquarters, and approved to reduce the company’s authorized and fully paid capital from KWD 44.065 million to KWD 37.065 million, i.e., by KWD 7 million, equivalent to 15.885% of the company’s capital. The company attributed its decision to cancel 70 million of its shares and pay their nominal value in cash to shareholders pro rata to their interest in the company due to surplus that exceeds its needs. The Board of Directors was authorized to dispose of the share fractions resulting from the capital reduction.

The EGM approved to amend Article (8) of the Memorandum of Incorporation and Article (9) of the Articles of Association, as follows: The company’s authorized, issued, and paid-up capital was set at KWD 37,065,835.700, distributed over 370,658,357 shares, at a nominal value of 100 fils per share, and all shares are in cash.