Ikarus United Marine Services Company held its Extraordinary General Meeting (EGM) on Tuesday, October 26, 2021, and passed a resolution to amend Article (4) of its Articles of Association and Article (6) of its Memorandum of Incorporation as follows:
The objectives for which the company was established are:
-    Carry out all kinds of maritime transport operations, servicing and provide financing facilities to ships and shipping agents.
-    Own, sell, rent and leas ships and floating means of transport.
-    Buy, sell, lease, and rent marine equipment, devices, and spare parts.
-    Own real estate properties and movable assets as required to carry out the Company’s activities within the limits permitted by the law.
-    Clearance, shipping and handling operations on incoming and outgoing goods, and packaging various types of goods.
-    Own and develop real estate and maintenance workshops required for maritime transport business.
-    Import and export marine equipment and foodstuffs as required for the ships owned by the company and the ships it manages and rents.
-    Carry out all kinds of tourist transportation in Kuwait and overseas.
-    Supply ships with food, water and fuel.
-    Utilize the Company's surplus to invest it in financial portfolios managed by specialized companies and institutions in Kuwait and abroad.
-    Equip, manage, and operate commercial seaports.
-    Equip, manage, and operate touristic marine ports.
-    Equip, manage, and operate seaports for fishing vessels.
-    Train, develop and provide specialized marine labor in line with the company’s objectives.
-    Carry out marine contracting activities such as excavation, harbour deepening and the establishment of fixed and mobile anchors.
-    Possession and ownership of franchises and commercial agencies for companies that help achieve the company’s objectives.
-    Organize exhibitions for the company's objectives.
-    Provide food and snacks for cruise ships.
-    Manage, equip, operate, and rent floating restaurants and sea food restaurants.
-    The Company may participate with other entities that carry out businesses similar to its own or that may be conducive in accomplishing its objectives, and it may buy, participate in, associate with or merge with such entities