MTC Group Holding Company held its extraordinary general assembly on December 21, 2024, and approved an amendment to Article 5 of the Articles of Association and Article 4 of its incorporation, as follows:

Without prejudice to the provisions of the Companies Law and its amendments and executive regulations, the purposes for which the company was established are:
•  Managing subsidiaries or participating in the management of other companies in which it holds shares and providing necessary support to them.
• Investing its funds in trading shares, bonds, and other securities.
• Acquiring real estate and movable assets necessary for conducting its activities within the limits permitted by law.
• Financing or lending to companies in which it owns shares or interests and guaranteeing them with third parties; in this case, the holding company's share in the capital of the borrowing company must not be less than 20%.
• Owning intellectual property rights including patents, trademarks, industrial designs, and other intangible rights, and utilizing them and leasing them to subsidiaries or others, whether inside Kuwait or outside.
• Holding shares solely on behalf of the holding company.
• Activities of holding companies.

The company may carry out all or some of these purposes.