Kuwait Islamic Takaful Insurance Company held its extraordinary general meeting on Monday, September 23, 2024, at its headquarters, and approved increasing its authorized, issued and paid-up capital from 10 million Kuwaiti dinars to 15 million Kuwaiti dinars, by an amount of (50%) at a value of 100 fills per share, a cash increase and paid in one installment allocated to the current shareholders registered in the company's records until the date of the extraordinary general meeting, with the authorization of the Board of Directors to set the rules and conditions for calling up capital and disposing of fractional shares, if any.

And approved the amendment of Article No. (6) of the Articles of incorporation and Article (5) of the Articles of Association as follows: 

The authorized and issued capital of the company is set at KWD 15,000,000 (fifteen million Kuwaiti dinars) distributed over 150,000,000 shares (one hundred and fifty million shares), each share is one hundred fills, and all the company's shares are in cash.

The paid-up capital is KWD 10,000,000 distributed over 100,000,000 shares, and the nominal value of each share is 100 fills, and all the company's shares are in cash.