During an extraordinary general assembly held on Sunday, January 28, 2024, the shareholders of United Capital Transport unanimously approved a reduction in the company's issued and paid-up capital from KD 2.8 million to KD 1.4 million. The capital reduction plan consists of the following: 

1. Amortization of all accumulated losses as of the unaudited financial position ended on September 30, 2023, resulting in a capital reduction of KD 571,861, equivalent to 5,718,390 shares. 

2. Reduction of the corresponding capital distribution of KD 828,139 (equivalent to 8,281,390 shares) due to redundancy. 

Furthermore, the assembly also approved amendments to Article (6) of the Memorandum of Association and Article (5) of the Articles of Association, which pertain to the capital amount. The revised authorized, issued, and paid-up capital of the company is set at KD 1,400,000, distributed over 14,000,000 shares with a value of 100 fils per share. It is clarified that all shares have been fully paid in cash. 

These decisions have received unanimous approval from the general assembly of United Capital Transport.