Amwal International Investment Company will hold its Extraordinary General Meeting (EGM) on Thursday, 11 May 2023 to discuss the conversion of its legal entity to a holding company and to amend its name to Amwal International Holding Company - a Kuwaiti Closed Shareholding Company, in addition to canceling its investment activities, adding holding activities, and amending Article (5) of the Memorandum of Incorporation and Article (4) of the Articles of Association, as follows:

The Company’s objectives include to manage its subsidiaries or to participate in the management of other companies in which it holds a stake, provide the necessary support for those companies, invest its funds in trading shares, bonds, and other securities, finance and lend other companies in which it owns shares and guarantee them with third parties, providing that the holding company’s participation rate in the capital of the borrowing company must not be less than 20%. Own intellectual property rights such as patents, trademarks, industrial models, franchises, and other intangible rights, for its own use or to be leased to its subsidiaries or third parties, own shares for the company’s account only, and act as holding business management office.