During its extraordinary general meeting conducted on May 8th, 2024, Shuwaikh Cement Company, listed under, addressed its capital restructuring plan. The company had undertaken various measures since the last quarter of 2023, including the resetting of production lines and ensuring their readiness. These steps aim to meet the substantial demand in the local market effectively. 

Moreover, ongoing negotiations are underway to explore exporting opportunities to other countries with favorable profit margins. The company anticipates that venturing into international markets will enhance its revenue streams and bolster the overall profit margin. Additionally, Shuwaikh Cement Company is actively renegotiating payment terms with local customers in both the Kuwaiti and Emirati markets, ultimately aiming to settle the debts owed to the "crusher" entity. These efforts will considerably improve the company's cash liquidity and financial stability. 

The company explained that all these procedures come within the framework to ensure its continuity and the continuation of operational activity. 

Accordingly, the company’s general assembly agreed unanimously by shareholders to continue its activity and not to liquidate it, in view of the plans drawn up to improve the financial and operational performance, and to authorize the Board of Directors to take all necessary measures to implement the company’s plan and supervise its performance.