Tawazun Holding Company (OTC code 971) will convene its Extraordinary General Assembly for the financial year ending on December 31, 2022. The meeting is scheduled to take place on Sunday, November 5, 2023, at the main hall of Aayan Leasing and Investment Company in Al-Rai area. 
The main agenda item to be discussed is the recommendation put forth by the Board of Directors to reduce the company's authorized, issued, and fully paid-up capital from KD 60,932,688 to KD 58,132,688. This reduction amounts to KD 2,800,000 and is due to the surplus funds available for distribution to the company's shareholders. The distribution will be made proportionate to each shareholder's percentage of ownership in the capital, as recorded in the company's records.
As a result of this capital reduction, amendments will be proposed to Article (6) of the Memorandum of Association and Article (5) of the Articles of Association, specifically relating to the company's capital. The proposed amendments will reflect the updated figures, stating that the authorized, issued, and fully paid-up capital of the company is KD 58,132,688, divided into 581,326,880 shares, each with a nominal value of 100 fils. All shares are to be paid in cash.