Nice Electronic Trading Company held its Extraordinary General Meeting (EGM) on Monday, November 01, 2021, and passed a resolution to amend Article (6) of its Memorandum of Incorporation and Article (4) of its Articles of Association to reflect the following:
Without prejudice to the provisions of the Companies Law No. 1 of 2016, its amendments and its executive regulations, the objectives for which the company was established are:
-    Carry out all electronic commerce activities on the internet.
-    Own real estate properties and movable assets as required to carry out the Company’s activities within the limits permitted by the law.
-    Utilize the Company’s surplus to invest it in financial portfolios managed by specialized companies and institutions.
-    Provide financial services through digital channels or platforms using modern technologies.
The EGM also passed a resolution to change its commercial name from Nice Electronic Commerce Company to (Arabic Digital Financial Services Company - a closed Kuwaiti shareholding company). Accordingly, Article (3) of the Memorandum of Incorporation and Article (1) of its Articles of Association were amended.