The Extraordinary General Assembly of OTC 852 WapMed TPA Services Company, held on July 30, 2025, approved increasing the authorized, issued, and paid-up capital from KWD 700,000 to KWD 1,400,000 — an increase of KWD 700,000 — through the issuance of 7,000,000 new shares at an offer price of 100 Kuwaiti Fils per share.

This will be a cash increase in one single tranche, allocated to the main shareholder, Warba Insurance and Reinsurance Company. The Board of Directors was authorized to determine the terms, conditions, and procedures for capital call and to manage the treatment of fractional shares as is deemed appropriate.

The Assembly also approved amending Article (6) of the Memorandum of Incorporation and Article (5) of the Articles of Association to read as follows:

"The company’s authorized and issued capital is set at KWD 1,400,000 (One million four hundred thousand Kuwaiti Dinars), divided into 14,000,000 shares (Fourteen million shares), each with a nominal value of 100 Fils. All shares are cash shares.

The paid-up capital of the company is set at KWD 700,000, equivalent to 7,000,000 shares, each with a nominal value of 100 Fils, and all shares are cash shares."