Asas International Holding Company held its Extraordinary General Assembly on Tuesday, June 24, 2025, and approved the amendment of Article 5 of its Articles of Incorporation and association to include the following activities:
• Managing its subsidiaries or participating in the management of other companies it invests in and providing necessary support.
• Investing its funds in trading stocks, bonds, and other financial securities.
• Owning real estate and movable assets necessary for conducting its activities, within legally permissible limits.
• Financing or lending to companies in which it holds shares or stakes and guaranteeing them to third parties—provided that the holding company's ownership in the borrowing company is not less than 20%.
• Owning intellectual property rights such as patents, trademarks, industrial designs, and other intangible rights, and exploiting or leasing them to its subsidiaries or others, whether inside or outside Kuwait.
• Owning shares for the company’s own account.
• Operating a management office for holding company activities.
Assemblies
Modification of the company's purposes