The Extraordinary General Assembly of Mena Homez Real Estate Company, held on June 23, 2025, approved a capital reduction. The company reduced its authorized and issued capital from KWD 100 million to KWD 80 million, due to KWD 20 million of unpaid capital.

The paid-up capital was further reduced to KWD 61.8 million to offset accumulated losses amounting to KWD 18.1 million as of December 31, 2024, after exhausting both the optional and legal reserves.

Accordingly, Article (6) of the Articles of Incorporation and Article (5) of the Articles of Association were amended to reflect the new capital:

“The company’s authorized, issued, and paid-up capital is set at KWD 61,831,394, distributed over 618,313,940 shares, each with a nominal value of 100 Fils, all fully paid in cash.”