During the extraordinary general assembly of Wedian Real Estate Company on June 13th, 2024, it was decided to decrease the authorized, issued, and paid-up capital from KD (Kuwaiti Dinars) 1.5 million to KD 575 thousand. This reduction involved a cash decrease of KD 925,000 from the total company capital. The remaining surplus from the capital reduction would be distributed among the shareholders recorded in the company's shareholder records on the date of the meeting, with the Board of Directors given authority to handle any fractions of shares.
Additionally, amendments were made to Article No. (6) of the articles of incorporation and Article No. (5) of the articles of association. Following the changes, the company's authorized, issued, and paid-up capital was confirmed at KWD 575,000, divided into 575,000 shares valued at one dinar each, all of which were cash.