The Arab EnerTech Company General Assembly, which was held on 8/25/2024, approved increasing the company's authorized, issued, and paid-up capital from KWD 15.025 million to KWD 20.025 million, an increase of KWD 5 million, distributed over 50 million shares, with a nominal value of 100 fills per share.

A one-time cash increase allocated to shareholders registered in the company's records, each according to the percentage of their contribution in the company’s capital until the date of the General Assembly and authorizing the Board of Directors to set the controls, conditions, and rules for calling for an increase in capital.

The extraordinary assembly approved amending Article No. 5 of the Articles of incorporation and Article No. 4 of its article of association   to become as follows: 

The authorized and issued capital of the company was set at KWD 20,025,000 (twenty million and twenty-five thousand Kuwaiti dinars) distributed over 200,250,000 shares, each valued at 100 fills, and all shares are in cash. 

The paid-up capital of the company was set at KWD 15,025,000 (fifteen million and twenty-five thousand Kuwaiti dinars) distributed over 150,250,000 shares, each valued at 100 fills, and all shares are in cash.