Mubasher: International Financial Advisors’ (IFA) general assembly has agreed to amend the company’s objectives to become a holding company during its extraordinary general meeting (EGM) held on Sunday, 6 January.
The assembly has nodded to the amendment of Articles 2 and 5 of the Memorandum of Association and Articles 1 and 4 of the company’s Article of Association, the dual-listed company on Boursa Kuwait and the Dubai Financial Market (DFM) said in a statement on Monday.
The company will announce the results of the EGM upon approval by the Kuwaiti Ministry of Commerce and Industry.
IFA previously posted a net loss of KWD 11.32 million for the first nine months of 2018, versus KWD 1.46 million in the prior-year period.
