The Extraordinary General Assembly of Universe Group United Holding Company is scheduled to be held on Wednesday, October 29, 2025, to approve the reduction of the company’s authorized, issued, and paid-up capital from KWD 15,000,000 to KWD 3,000,000, representing a decrease of KWD 12,000,000 — equivalent to 80% of the nominal value of each share. 

The excess will be distributed to shareholders registered in the company’s records as of the date of the assembly, in proportion to their ownership.

The Board of Directors will also be authorized to handle any fractional shares, if applicable.

Additionally, the meeting will address amending Article (6) of the Memorandum of incorporation and Article (5) of the Articles of Association, to reflect the new capital structure as follows:

“The authorized, issued, and paid-up capital of the company is set at KWD 3,000,000 (Three Million Kuwaiti Dinars), equivalent to 30,000,000 shares (Thirty Million Shares), all of which are cash shares… subject to the approval of the competent authorities.”