First Bahrain Real Estate Company will hold its ordinary general assembly for the fiscal year ending December 31, 2024, on Wednesday, June 25, 2025, to review the items listed on its agenda.

It is noteworthy that during its extraordinary general assembly for the fiscal year ending December 31, 2023, held on June 25, 2024, the company reduced its authorized, issued, and paid-up capital from KWD 20 million to 19.2 million Kuwaiti dinars, representing a reduction of KWD 742,453 (seven hundred forty-two thousand four hundred fifty-three Kuwaiti dinars).

This reduction was intended to offset accumulated losses as of December 31, 2023, and to distribute the excess amount in cash to the shareholders registered in the company’s records on the date of the assembly, each according to their shareholding ratio, and to authorize the Board of Directors to manage any fractional shares, if applicable.