Rawaj Holding Company held its extraordinary general assembly on Monday, June 8, 2020, and it was agreed to amend the text of Article No. (6) of the Memorandum of Association and Article No. (4) of the Articles of Association related to the purposes for which the company was established to become the following:
- Possessing the shares of a Kuwaiti or foreign joint stock company, and also owning shares or shares in Kuwaiti or foreign limited liability companies, or participating in establishing these two types of companies, managing them, lending them, and guaranteeing them with others.
- Lending to companies in which it owns shares and guaranteeing them with others. In this case, the share of the holding company in the capital of the borrowing company should not be less than 20% at least.
- Owning industrial property rights such as patents, industrial trademarks, industrial fees, or any other rights related thereto, and leasing them to other companies for exploitation either inside or outside Kuwait.
- Owning the movables and real estate necessary to start its activities within the permissible limits according to the law.
- Exploiting the financial surpluses available to the company by investing them in financial portfolios managed by companies and specialized agencies.
- Buying and selling stocks and shares for the company’s account only.
The company conducts all its activities in accordance with the provisions of Islamic Sharia