The Board of Directors approved a proposal on April 28, 2026, to fully offset accumulated losses totaling KD 23,825,706 as of December 31, 2025.
The plan includes a 74.48% capital reduction from KD 31,862,423 to KD 8,131,223 by cancelling 237,312,000 ordinary shares at a par value of 100 fils per share.
The company will also utilize its entire statutory reserve balance of KD 94,506 to write off a portion of the accumulated losses.
The capital reduction and loss write-off are subject to final approval from the General Assembly and the Capital Markets Authority.