The extraordinary general assembly of Trolley General Trading Company, held on January 13, 2025, approved the amendment of Article 3 of its incorporation related to the company's objectives.
It also approved the addition of a new Article (73) to its incorporation, which states: "The Board of Directors may carry out all activities required for the management of the company in accordance with its objectives, and this authority shall not be limited except as stipulated by law, this incorporation, the Articles of Association, or the decisions of the general assembly."
The Board of Directors may sell the company's real estate, mortgage it, provide guarantees, enter loans, and manage settlements and donations without referring to the general assembly.
Trolley General Trading Approves Modifications to Its Objectives and Introduces an Additional Article to Its incorporation.
Assemblies
Modification of the company's purposes