Watani Financial Brokerage Company has scheduled an Extraordinary General Meeting (EGM) for Tuesday, 8 August 2023, at 12:00 p.m. The primary agenda of this meeting will be the consideration of a proposal put forth by the Board of Directors to reduce the company's authorized, issued, and paid-up capital. The intention is to decrease the capital from the current amount of  KWD 10 million, distribution over 100 million shares, to a total of KWD 5 million distributed over 50 million shares. The reduction of capital will involve a refund of the nominal value of these shares at a rate of 100 fils per share, resulting in a total of KWD 5 million, to be reimbursed to shareholders registered in the company's records as of the EGM date. This step is in compliance with the regulations outlined in Law No. 7 of 2010. Regarding the Establishment of the Capital Markets Authority and. Regulating Securities Activities and its Amendments. Consequently, the proposed amendments to Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association will be discussed during the meeting. The revised articles shall be amended as follows: "The company's authorized, issued, and paid-up capital has been set at KWD 5 million, distributed over 50 million shares, at a nominal value of 100 fils per share, and all shares are in cash."