Khabary Holding Company will hold its next extraordinary general meeting on Monday, September 2, 2024, to consider approving the reduction of its authorized, issued, and paid-up capital from KD 20,000,000 to KD 13,168,979, which will effectively eliminate all accumulated losses amounting to KD 6,831,021 as of December 31, 2023. 

The assembly will also consider approving the amendment of Article No. (6) of its articles of incorporation and Article No. (5) of its articles of association. The amended text will read as follows: 

The company's authorized, issued, and paid-up capital is set at KWD 13,168,979, divided into 131,689,790 shares, each valued at 100 Kuwaiti fills, with all shares being cash contributions, pending approval from the relevant authorities. 

It was also noted that if the legal quorum is not met for the extraordinary general assembly, the meeting will be postponed to Monday, September 9, 2024, at 11:00 AM, at the same location.