The Extraordinary General Assembly of Kuwait International Investment Holding Company OTC 469 was held on Thursday, June 13, 2024, in the presence of Chairman of the Board of Directors Hamed Mohammed Al-Aiban, with a quorum of 77.5%. 

The General Assembly approved the Board of Directors' proposal to increase the issued and fully paid capital from 40,233,562 shares to 50,291,953 shares, by distributing bonus shares at a rate of 25% of the company's issued capital, amounting to 10,058,391 shares, distributed to shareholders registered in the company's records on the date of the General Assembly for the fiscal year ending 12/31/2023, and the assembly authorizing the Board of Directors to determine the methods and dates of the increase and disposition of fractional shares and all procedures related to this increase.

It was also approved to amend Article 6 of the Articles of incorporation and Article 5 of the Company's Articles of Association as follows:
Text before amendment: The authorized and issued capital of the company was determined the paid-up capital is 4,023,356.260 dinars, distributed over 40,233,562 shares, each worth 100 fills, fully paid, all in cash, and the Board of Directors is authorized to take all necessary measures in this regard.

Text after amendment: The authorized, issued, and paid-up capital of the company is set at 5,029,195.325 dinars, distributed over 50,291,953 shares, each worth 100 fills, fully paid, all in cash, and the Board of Directors is authorized to take all necessary measures in this regard.