The Extraordinary General Assembly of International Marine Construction Company, held on Tuesday, August 12, 2025, approved an increase in the company’s authorization, issued, and raised-up capital from KWD 1 million to KWD 5 million — an increase of KWD 4 million — with a share value of 100 Fils.

The Assembly also approved the amendment of Article (6) of the Memorandum of incorporation and Article (5) of the Articles of Association related to the company’s capital to read as follows:

"The company’s authorized, issued, and paid-up capital is set at KWD 5,000,000 (five million Kuwaiti Dinars), equivalent to 50,000,000 (fifty million) shares, all of which are cash shares."

The Board of Directors was authorized to take all necessary actions to formalize the amendment with the relevant official authorities.