The extraordinary general assembly of the Food Industries Company, which was held on Monday, June 10th, 2024, approved an increase of the company’s authorized, issued and paid-up capital from KD 800,000 to KD 1 million, an increase of KD 200,000 , by issuing free bonus shares at a rate of (25%) of the issued and paid-up capital, equivalent to KD 2,000,000, distributed to the shareholders registered in the company’s records and authorizing the Board of Directors to implement this and dispose of the fractions of shares (if any) as it deems appropriate. 

Also, it agreed to amend Article 5 of the Articles of Association and Article 6 of the company’s articles of incorporation as follows: 

 The company’s authorized, issued, and paid-up capital was set at KD 1,000,000 (one million Kuwaiti dinars) distributed into 10,000,000 shares, the value of each share being 100 fills, and all shares in cash.