Al Bareeq Holding Company has invited its shareholders to attend an Extraordinary General Assembly Meeting scheduled for 11:00 AM on Thursday, August 21, 2025.

The meeting agenda includes a proposal to increase the company’s authorized, issued, and fully paid-up capital from KWD 45,479,200 to KWD 46,388,784, representing an increase of KWD 909,584 through the issuance of 9,095,840 bonus shares, equivalent to 2% of the current capital.

The capital increase will be funded as follows:

•    KWD 40,078 from the optional reserve
•    KWD 909,584 from retained earnings

The bonus shares will be distributed at a ratio of 2 shares for every 100 shares held by shareholders registered in the company’s records as of the date of the general assembly.

The board of directors will be authorized to handle fractional shares resulting from the bonus allocation. This distribution is for the fiscal year ending December 31, 2024.

Additionally, shareholders will vote on amending Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association, which will read as follows the amendment:
“The authorized, issued, and fully paid-up capital of the company is KWD 46,388,784, divided into 463,887,840 shares, each with a nominal value of 100 Fils. All shares are cash shares.”

The company noted that if the required legal quorum is not met on the initial date, a second meeting will be held at the same time and place on Thursday, August 28, 2025, and this invitation shall be considered valid for the adjourned meeting as well.