Kuwaiti Indian Holding Company Approves Amendment to Its Objectives

تم النشر على almowazi.com في 25 يونيو 2025
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The Extraordinary General Assembly of Kuwaiti Indian Holding Company, held on June 2, 2025, approved an amendment to Article (5) of the Memorandum of Association and Article (4) of the Articles of Association, updating the company's objectives to the following:
"The company’s purposes are:

•    Conducting holding company activities
•    Owning shares on behalf of the holding company only
•    Operating a management office for the activities of the holding company
•    Managing subsidiary companies or participating in the management of other companies in which it holds stakes
•    Providing necessary support to those companies
•    Investing its funds in trading shares, bonds, and other financial instruments
•    Owning real estate and movable assets necessary for its operations within the limits permitted by law
•    Financing or lending to companies in which it holds shares or equity stakes and acting as guarantor for such companies
In such cases, the holding company’s ownership stake in the borrowing company must not be less than 20% of its capital."

Assemblies
Modification of the company's purposes

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