Trolley General Trading Company will hold its ordinary and extraordinary general assembly on Wednesday, February 5, 2025.
It is worth noting that the company transformed its legal entity from a limited liability company to a closed Kuwaiti joint-stock company on December 4, 2024.
During its assembly held on January 13, 2025, the company approved the amendment of Article (3) of its articles of incorporation concerning the company's objectives.
Additionally, it approved the addition of a new Article (73) to its Articles of incorporation with the following text: The Board of Directors may undertake all activities necessary for the management of the company in accordance with its objectives, and this authority shall not be limited except as stipulated by law, this regulation, or the company's contract or general assembly resolutions.
The Board of Directors may sell the company's real estate, mortgage it, provide guarantees or enter loans, and manage settlements and donations without the need to refer to the general assembly.