Al-Ahleia Switchgear Company held its Extraordinary General Meeting (EGM) on Wednesday, December 22, 2021, and passed a resolution to make an addition to Article (5) of the Memorandum of Incorporation and Article (4) of its Articles of Association, with regard to the Company’ objectives, as follows:
The amended Article: The objectives for which the company was established are as follows:
Design, manufacture and marketing of low voltage switchgear - Trading in all electrical supplies in line with the company's objectives, including importing and exporting activities. - Electrical contracting. - Representing international factories and companies with similar activities in Kuwait and the Middle East. – The Company may have an interest in 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 in the State of Kuwait or abroad, subject to receiving unanimous approval of the General Assembly. - Utilize the Company's surplus to invest in financial portfolios managed by specialized companies and institutions. Production of medium voltage switchgear panels. Production of high-pressure panels. - Production of battery charging boards. - Production of electric current transformers used in electrical panels. - Production of voltage transformers (distribution powers). - Production of electrical insulating panels and circuit breakers and electrical industries. - Production of electricity sub-stations (integrated stations). - Importing chemicals to serve the company's objectives, subject to receiving regulatory approvals.