United Networks’ General Assembly Approves Capital Reduction to KWD 1.1 million

Published on almowazi.com on 28 September 2025
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The Extraordinary General Assembly of OTC 870 United Networks Company, held on August 19, 2025, approved the reduction of the authorized, issued, and paid-up capital from KWD 10,000,000 (Ten Million Kuwaiti Dinars) to KWD 1,100,000 (One Million One Hundred Thousand Kuwaiti Dinars), a reduction of KWD 8,900,000 (Eight Million Nine Hundred Thousand Kuwaiti Dinars), to cover part of the accumulated losses after fully utilizing the share premium for the fiscal year ending December 31, 2024. The remaining amount stands at KWD 714,741 (Seven Hundred Sixteen Thousand Seven Hundred Forty-One Kuwaiti Dinars).

Assemblies
capital reduction

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