Petrolink Holding held an Extraordinary General Assembly on Monday, October 9, 2023, conducted via ZOOM, where they approved the reduction of the company's capital. This reduction aims to offset a portion of the remaining losses, as stated in the financial statements for the year ending December 31, 2022. The capital will be reduced from KD 2.1 million to KD 1 million. 

Additionally, the assembly approved the amendment of Article (6) of the Memorandum of Association and Article (5) of the Articles of Association. The revised articles now state that the authorized, issued, and paid-up capital of the company will be set at KD 1,000,000 (one million Kuwaiti Dinars), divided into 10,000,000 shares with a nominal value of 100 fils each. All of these shares will be fully paid in cash.