ALAFCO Real Estate Services Company held its Extraordinary General Assembly on May 11, 2025, during which it approved amendments to Article (2) of its articles of incorporation and Article (1) of its Articles of Association.

The revised text now states:

"The company is established in accordance with the provisions of the Commercial Companies Law and this Articles of Association as a Kuwaiti Closed shareholding Company (K.S.C.C) named ALAFCO Real Estate Services Company (Closed Joint Stock Company)."

The General Assembly also approved the company’s voluntary liquidation and appointed Mr. Mohammed Ahmad Abdulmohsen Al-Anjari from Baker Tilly to handle all liquidation procedures.

The Board of Directors has been authorized to determine his fees. Additionally, a nine-month period was approved for completing the liquidation process, subject to approval from the relevant authorities.