During the General Assembly of OTC 187 on February 5, 2024, AlThemar International Holding Company unanimously approved a reduction of the company's authorized, issued, and paid-up capital from KD 77,282,503 to KD 70,000,000. This adjustment was made due to an excess in capital, and the amount of KD 7,282,503 will be proportionally distributed to shareholders based on the date of the assembly.
Furthermore, the assembly agreed to modify Article (6) of the Memorandum of Association and Article (5) of the Articles of Association. The revised capital structure establishes the company's authorized, issued, and paid-up capital at KD 70million, divided into 700,000,000 shares. Each share is valued at 100 fils, and all shares are fully paid in cash.