At the same Extraordinary General Assembly on April 17, 2025, OTC# 445 AlQurain Automotive Trading Company also approved a 2% bonus share distribution, increasing its fully paid-up capital to KD 16,320,000. This increase is distributed as 3,200,000 bonus shares to shareholders registered in the company’s records as of the date of the General Assembly. The Board of Directors was authorized to handle fractional shares, subject to approval from the relevant regulatory authorities.

The assembly also approved an amendment to Article (21) of the Articles of Association, which now reads:

“The Chairman or the Vice Chairman shall each have sole signing authority on behalf of the company. The Board of Directors may delegate responsibilities among its members according to the nature of the company’s business. It may also authorize one of its members, a committee formed from its members, or any third party to carry out one or more specific tasks, oversee particular aspects of the company’s operations, or exercise certain powers or responsibilities assigned to the Board.”