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CorporateJune 7, 2023

Results of the Extraordinary General Assembly Meeting of the Subsidiary Company "ERADAT International Real Estate Company"

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Results of the Extraordinary General Assembly Meeting of the Subsidiary Company "ERADAT International Real Estate Company"

The subsidiary company "ERADAT International Real Estate" held its extraordinary general assembly meeting on Wednesday, June 7, 2023. The following agenda items were approved:

  1. Increasing the company's capital through an in-kind capital increase from 4,300,000 KD to 6,798,697 KD.
  2. Changing the company's name from Fanan Real Estate Company to ERADAT International Real Estate Company.
  3. Approving that the company conducts its activities in accordance with the provisions of Islamic Sharia law.
  4. Allowing the ordinary general assembly, based on the proposal of the board of directors, to approve the distribution of profits at periodic intervals.