Kuwait German Holding Company conducted its Extraordinary General Meeting (EGM) on Tuesday, 22 August 2023, at the company's headquarters. During the meeting, the proposal and recommendation presented by the Board of Directors to decrease the company's authorized, issued, and paid-up capital from KWD 58.552 million to KWD 55.624 million were approved. This reduction of KWD 2.927 million is attributed to an excess of capital, and it will be distributed among the shareholders listed in the company's records as of the date of the EGM date.  
The EGM also approved the modification of 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 55,624,523.500, distributed over 556,245,235 shares. The value of each share is 100 fils, and all shares are fully paid in cash".