The Extraordinary General Assembly of TROLLEY GENERAL TRADING COMPANY, held on May 25, 2025, approved an increase in the company’s authorized, issued, and paid-up capital from KWD 2 million to KWD 35 million, through the following measures:

    •    KWD 19,820,000 through the issuance of 198,200,000 shares at a nominal value of 100 fils per share, representing a 991% increase, to be distributed as free bonus shares to shareholders registered in the company’s records as of the date of the General Assembly. Shareholders will receive 9.91 bonus shares for each 1 share held. The Board of Directors was authorized to manage the allocation of fractional shares resulting from the bonus share distribution at its discretion.

    •    KWD 13,180,000 through the issuance of 131,800,000 shares at a nominal value of 100 fils per share, to be paid in installments and allocated to existing shareholders registered as of the General Assembly date. The Board of Directors was authorized to set the terms and conditions for the capital call.

Additionally, the General Assembly approved amending Article (6) of the Memorandum of Association and Article (4) of the company’s Articles of Association to read as follows:

“The company’s authorized and issued capital is set at KWD 35,000,000 (Thirty-Five Million Kuwaiti Dinars), divided into 350,000,000 shares with a nominal value of 100 fils per share. All shares are cash shares.”