"Subscription" Assembly Approves Capital Cut
The Extraordinary General Assembly of Attabat Holding Company approved a reduction of its capital by 74.5%, from 31.86 million Kuwaiti Dinars to 8.13 million Kuwaiti Dinars, with the aim of fully offsetting all accumulated losses up to the end of 2025. It also decided to cancel a total of 237.31 million shares with a nominal value of 100 fils per share, delegating the board to take the necessary measures to complete the process, including handling fractional shares and amending the company's bylaws.
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