The extraordinary general assembly of  Al Jahra Touristic Company, held on March 23, 2025, approved the amendment of Article No. (46) of its articles of incorporation to read as follows:

•    An annual deduction shall be made by a decision issued by the ordinary general assembly based on a proposal from the board of directors amounting to no less than 10% of the net profits to form a mandatory reserve for the company.
•    The assembly may suspend this deduction if the mandatory reserve exceeds half of the issued capital of the company.
•    The mandatory reserve may only be used to cover the company’s losses or to secure profit distributions to shareholders not exceeding 5% of the paid-up capital in years where the company’s profits do not allow for this distribution, due to the absence of an optional reserve that would permit distributing this percentage of profits.
•    Any amount deducted from the mandatory reserve must be returned when the profits of subsequent years allow, provided this reserve does not exceed half of the issued capital.
•    A percentage of 1% (one percent) shall be deducted for the account of the Kuwait Foundation for the Advancement of Sciences.
•    Each year, a percentage shall be deducted from the net profits, determined by the board of directors after consulting the auditor, for the depreciation of the company's assets or any decrease in their value, and these funds shall be used to purchase or repair the necessary materials, machines, and facilities, and may not be distributed to shareholders.
•    The ordinary general assembly shall decide on a percentage of profits to address the company’s obligations under labor and social insurance laws, and a special fund may be established to assist the company's workers and employees.
•    An annual deduction of up to 10% of net profits may be made by a decision from the ordinary general assembly based on a proposal from the board of directors, allocated for purposes outlined by the assembly.
•    The board of directors is authorized to distribute profits to the company's shareholders on a quarterly or semi-annual basis as deemed appropriate during the fiscal year, provided that the distribution comes from actual profits in accordance with generally accepted accounting principles without affecting the paid-up capital, and the board is authorized to amend the profit distribution due date in case of inability to meet the requirements, subject to approval from the relevant regulatory authorities.