City Group Company also announced the invitation to an Extraordinary General Assembly on Tuesday, August 19, 2025.

The meeting will discuss and approve the cancellation of 8,900,224 treasury shares valued at KD 4,628,117, based on the consolidated financial statements for the fiscal year ending December 31, 2024. 

This includes a capital reduction equivalent to the nominal value of the treasury shares — KD 890,022.400 — and covering the nominal value surplus from retained earnings and reserves totaling KD 3,738,095.

Following this, the company’s capital will be reduced from KD 11,300,788.950 to KD 10,410,766.500.

The meeting will also discuss amendments to:

•    Article (6) of the Memorandum of incorporation.
•    Article (5) of Chapter One of the Articles of Association

The revised text will reflect the new authorized, issued, and paid-up capital of KD 10,410,766.500, distributed over 104,107,665 shares with a nominal value of 100 Fils per share, all fully paid in cash.