First Bahrain Real Estate Company reduced its authorized, issued and paid-up capital from KD 20 million to KD 19.2 million. A reduction of KD 742,453 will be made to eliminate the accumulated losses as of December 31, 2023, and distribute the remaining amount in cash to the shareholders listed in the company's records on the assembly date, with each receiving their respective share based on their percentage. 

This occurred during the extraordinary general assembly for the fiscal year ending on December 31, 2023, held on June 25, 2024.  
  
Additionally, the assembly granted the Board of Directors the authority to dispose of any fractional shares, with 97.83% of the attendees voting in favor and 2.17% abstaining from voting.  
  
The assembly also approved the modification of Article 5 of its Articles of Association and Article 6 of its Bylaws as follows:  
  
The authorized, issued, and paid-up capital of the company was established at KD 19,263,173, divided into 192,631,730 shares, each valued at 100 Kuwaiti fils, and all shares were paid for in cash.