The extraordinary general assembly of Afkar Holding Company, held on October 28, 2024, approved the amendment Article (5) of the Articles of Incorporation and Article (4) of Articles of Incorporation with a majority representing 60.367% of the capital shares.

The objectives for which the company was established are as follows:

•    Managing its subsidiaries or participating in the management of other companies in which it invests and providing the necessary support.
•    Investing its funds in trading stocks, bonds, and other securities.
•    Owning real estate and movables is necessary to carry out its business within the legal limits.
•    Financing or lending to companies in which it holds shares or stakes and guaranteeing them to others, in which case the holding company's participation in the capital of the borrowing company should not be less than 20%.
•    Owning intellectual property rights from patents, trademarks, industrial designs, franchises, and other moral rights and exploiting and renting them to its subsidiaries and others.
•    Holding shares on behalf of the holding company only.
•    Managing shares on behalf of the holding company only.
•    Managing the holding activities' operations office.

The company shall pursue the activities both in the State of Kuwait and abroad as a principal or as an agent.