Financial Group of Kuwait Holding Company held its extraordinary general assembly on Monday, March 3, 2025, and approved the amendment of Article 15 of its Articles of Association to read as follows: 

"The company shall be managed by a Board of Directors composed of three members elected by the shareholders at the assembly through a secret ballot. Each shareholder, whether a natural person or a legal entity, may appoint representatives to the Board of Directors in proportion to the shares they hold. 

The number of board members elected in this manner shall be deducted from the total number of board members who are elected. Shareholders with representatives on the Board shall not participate with other shareholders in the election of the remaining members of the Board, except up to the extent of the surplus beyond the percentage used to appoint their representative on the Board. 

A group of shareholders may ally with each other to appoint one or more representatives on the Board in proportion to their combined ownership. These representatives shall have the same rights and obligations as the elected members, and the shareholder shall be responsible for the actions of their representatives toward the company, its creditors, and its shareholders."