Also, during June 22, 2025, Extraordinary General Assembly, shareholders of Spirit Real Estate Development Company approved a reduction of the company’s authorized capital from KD 80 million to KD 65 million, representing a decrease of KD 15 million.
Accordingly, Article 6 of the Articles of Incorporation and Article 5 of the Articles of Association have been amended to state:
"The company’s authorized, issued, and paid-up capital is set at KD 65,000,000 (sixty-five million Kuwaiti Dinars only), distributed across 650,000,000 shares, each with a nominal value of 100 Fils, and all shares are fully paid in cash."