KFIC Financial Brokerage Company held its Extraordinary General Meeting (EGM) on Monday, 7 February 2022, and approved the amendment of the objectives for which the company was established. The EGM also approved to amend Article (5) of the Memorandum of Incorporation and Article (4) of its Articles of Association as follows:
A brokerage firm registered with the stock exchange. – Directly and indirectly invest the company’s funds in various investments such as buying, selling and owning shares, bonds and sukuk, selling, buying, owning, renting and leasing land plots, real estate and movable assets, in the State of Kuwait and abroad. Contribute and participate in the establishment of various companies, or partner up with other establishments which carry out similar activities that complements the company’s activities in Kuwait and abroad. - Utilize the Company's surplus to invest in financial portfolios managed by specialized companies - Mortgage the company’s funds. Investment portfolio manager. - A brokerage firm not registered with the stock exchange.