The extraordinary general meeting of Gulf Livestock Company, held on 6/10/2024, agreed to increase the authorized, issued and paid-up capital from 300 thousand dinars to 650 thousand dinars, an increase of 350 thousand dinars, with a nominal value of 100 Fils per share, and the increase shall be in cash, paid in one payment and allocated to the current shareholders registered in the company's records until today, and authorizing the Board of Directors to set the controls, rules and conditions for calling up capital and disposing of fractional shares (if any).

It also agreed to amend Article (6) of the Articles of incorporation and Article (5) of its Articled of association to become as follows: 

The authorized and issued capital of the company is set at 650,000 KWD (six hundred and fifty thousand Kuwaiti dinar shares) distributed over 6,500,000 shares, and all shares are in cash.

The paid-up capital was set at KWD 300,000 (three hundred thousand Kuwaiti dinars distributed over three million shares, each share is worth one hundred Fils and all shares are in cash.