The Extraordinary General Meeting of the National Pearl Holding Company took place on Thursday, December 21, 2023. During the meeting, the attendees approved the amendment of Article (5) of the Memorandum of Association and Article (4) of the Company's Articles of Association. The amended articles now state the following provisions:
- The company is authorized to own shares for its own account.
- The company can acquire and own real estate and movable assets necessary for its operations within the legal limits.
- The company is allowed to provide financing and loans to other companies in which it holds shares or stakes, as well as provide guarantees on behalf of these companies. In such cases, the holding company's ownership of the capital in the borrowing company should not be less than twenty percent.
- The company has the right to own and exploit intellectual property rights, including patents, trademarks, industrial designs, franchises, and other moral rights. It is also permitted to lease or license these rights to its holding companies or other entities.
Assemblies
Modification of the company's purposes