Aknan Real Estate Company held its extraordinary general meeting on June 27, 2024, and agreed to amend Article (16) of its articles of association to become as follows:  

The Chairman of the Board of Directors or any member of this Board may not be a trader in a trade similar to or competitive with the company’s trade, or that he shall have a direct or indirect interest in the contracts and deals concluded with the company or on its behalf, or he shall have an interest that conflicts with the company’s interests, unless any of this is subject to a special license from the General Assembly. 

 None of them may participate in the management of a company like or competing with the company, it is not permissible for the Chairman of the Board of Directors or any of its members, even if he is a representative of a legal person, to exploit the information that has reached him by ruling for the benefit of himself or others.  

A member of the Board of Directors may dispose of his shares in the company during the period of his membership of the Board of Directors.