The Extraordinary General Assembly of Al Houda Hotels & Tourism Co., held on August 1, 2025, approved increasing the company’s authorization, issued, and fully paid-up capital from KWD 5 million to KWD 15 million, an increase of KWD 10 million.

The assembly also approved amending 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 fully paid-up capital has been set at KWD 15,000,000 (fifteen million Kuwaiti Dinars only), divided into 150,000,000 shares (one hundred fifty million shares), with a nominal value of 100 Fils per share, and all shares are cash shares”

This is subject to the approval of the relevant official authorities and registration in the commercial register at the Ministry of Commerce and Industry.”