Company purpose |
- Managing its subsidiaries or participating in the management of other companies in which it holds shares, and providing the necessary support to them.
- Owning intellectual property rights such as patents, trademarks, industrial designs, franchises, and other intangible rights, and exploiting or leasing them to its holding subsidiaries and others.
- Lending to companies in which it owns shares or stakes and guaranteeing them with third parties, provided that the holding company’s participation in the capital of the borrowing company is at least 20%.
- Engaging in holding company activities.
- Owning real estate and movable assets necessary to carry out its operations within the limits permitted by law.
- Operating a management office for holding activities.
- Investing its funds in trading shares, bonds, and other securities.
- Owning shares solely on behalf of the holding company.
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Company profile |
Arabic Digital Holding Company was established as a Closed Kuwaiti Shareholding Company under the name (formerly Arabic Digital Financial Services – formerly Nice E-Commerce Company) on April 14, 2016, with a capital of KD 20,000,000 (Twenty million Kuwaiti Dinars) divided into 200,000,000 shares with a nominal value of 100 Fils per share. The company was registered in the commercial register under No. 365738.
The General Assembly of Arabic Digital Financial Services Company, held on Monday, December 18, 2023, approved amendments to Article 3 of the Articles of Incorporation and Article 1 of the Bylaws to read as follows: The company’s name shall be “Arabic Digital Holding Company,” a Closed Kuwaiti Shareholding Company. It is noted that the General Assembly of Nice, held on October 25, 2021, for the second time, approved changing its trade name from Nice E-Commerce Company to Arabic Digital Financial Services Company – Closed Kuwaiti Shareholding Company, along with a capital increase from KD 20,000,000 to KD 20,450,000, divided into 204,500,000 shares with a nominal value of 100 Fils per share, through a 2.25% free bonus share distribution.
Company Capital
The authorized, issued, and paid-up capital of Arabic Digital is KD 20,450,000, divided into 204,500,000 shares with a nominal value of 100 Fils per share, all of which are cash shares. |