The extraordinary general assembly of Gulf Capital Investment Company, held on May 4, 2025, unanimously approved by 100% of the total issued shares to add a new Article (72) to its Memorandum of Association and Bylaws.
The text of the article is as follows:
- The Board of Directors may carry out all actions that are required for the management of the company in accordance with its purposes, and this authority shall not be limited except as provided by law, the company's memorandum, or the resolutions of the general assembly.
- The Board of Directors may also borrow and mortgage the company's assets, enter into guarantees, arbitration, settlements, and donations."