Towell Global Holding Company held its Extraordinary General Assembly on July 9, 2025, and approved the Board of Directors' recommendation to distribute 5% bonus shares to the company’s shareholders — at a rate of 5 shares for every 100 shares owned.

The Assembly also approved an increase in the company’s authorized, issued, and fully paid-up capital from KWD 10 million to KWD 10.5 million. The capital increase of KWD 500,000 will be carried out through the distribution of free bonus shares, allocated to shareholders registered in the company’s records as of the date of the General Assembly meeting. The Board of Directors was authorized to handle any fractional shares resulting from the bonus share distribution as it deems appropriate.

Additionally, the Assembly approved the amendment of Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association to read as follows:

The company’s capital is set at KWD 10,500,000 (ten million five hundred thousand Kuwaiti Dinars), divided into 105,000,000 shares (one hundred and five million shares), with a nominal value of 100 Fils per share, all shares are in cash.