The Board of Directors of the International Resorts Company has invited its shareholders to attend an extraordinary general assembly, which will be held on Tuesday, February 11, 2025, to discuss the amendment of Article (2) of the Articles of association and Article (1) of its Articles of Incorporation. 

The statement after the amendment will be as follows: The company is established in accordance with the provisions of the Companies Law and these bylaws mean between the shareholders as outlined later, as a closed Kuwaiti shareholding company named International Resorts Company (K.S.C.C).

It was noted that the amendment of Article (14) will also be discussed, with the revised statement reading: The management of the company shall be entrusted to a Board of Directors consisting of three members elected by the shareholders' assembly through secret voting.

Each shareholder, whether an individual or a legal entity, may appoint representatives to the Board of Directors in proportion to the shares they own. The number of board members selected in this manner will be deducted from the total number of elected board members. Shareholders with representatives on the board cannot participate with other shareholders in electing the remaining board members, except to the extent of shares exceeding the proportion used for appointing their representative on the board.

The general assembly may choose one or more independent members who possess expertise and competence upon the request of regulatory authorities, provided that their number does not exceed half of the members of the board.