Chrome  Real Estate Company reduced its authorized, issued and fully paid capital during its extraordinary general assembly held on July 30th  2024, from an amount of KD 1.2 million to KD 400 thousand, with a cash reduction of KD 800 thousand from the total issued and paid capital of the company. 

The surplus from the capital reduction is distributed to shareholders registered in the company's shareholders' records on the date of the extraordinary general assembly, with the Board of Directors authorized to dispose of fractional shares, if any. 

Also, the assembly approved the amendment of Article No. (6) of the Articles of incorporation and Article No. (5) of the Company's Articles of Association to become as follows:  

The authorized, issued, and paid-up capital of the company is established at KD 400,000 (four hundred thousand Kuwaiti dinars), divided into 4 million shares, each valued at 100 Kuwaiti fils. All shares are issued in cash, subject to the approval of the relevant authorities.