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Company Activities

  1. Owning individually or jointly Timber rights in areas where it exist
  2. Manufacturing and processing raw materials arises from Timber activities
  3. Import and Export, retail and wholesale of all kinds of timber
  4. Owning, leasing and operating maritime and ground shipping equipments related the company activities

The company may participate with other companies and bodies to achieve its goals in Kuwait or outside of Kuwait

Based on the resolution of Extraordinary general assembly meeting held on 13/03/1984, it was resolved that:

  1. The company is allowed to trade all kinds of construction materials
  2. Amend article 26 of Memorandum Of Association to become : Without prejudice to the competences of the General Assembly, the company’s Board’s of Directors shall assume all the necessary powers for the management of the company
  3. The Board’s of Directors is authorized to decide upon to sell or mortgage the Company’s real estate properties, or to give guarantees or lend loans, as necessitated by the Company’s interest.

Based on the resolution of Extraordinary general assembly meeting held on 2/06/1986, it was resolved that:

  1. Changing the company name to become: Kuwaiti National Company for Building and Construction Material Trading
  2. Import and Export, retail and wholesale of all kinds of building and construction materials

 

 

 

Based on the resolution of Extraordinary general assembly meeting held on 6/04/1988, it was resolved that:

  1. The company is authorized to buy no more than 10% of its shares, in accordance with law 26 year 1986 and its amendments
  2. The Board’s of Directors is authorized to decide upon investing the available excess funds with professional, prudent investment manager.

Based on the resolution of Extraordinary general assembly meeting held on 29/12/1996, it was resolved that:

  • Changing the company name to become National International Holding Company
  • Changing the company legal structure to become closed shareholding company with purposes of

 

  1. Owning stocks and shares in shareholding Kuwaiti and Non-Kuwaiti companies, and in limited liabilities Kuwait and Non-Kuwaiti companies and participating in the establishment of, lending and managing of these companies, and guarantor of these companies
  2. Lending money to companies in which it owns shares, guaranteeing them with third parties where the holding company owns 20% or more of the share capital of the borrowing company.
  3. Owning industrial equities such as trademarks, patents, royalties and any other related rights and franchising them to other companies or using them within or outside of Kuwait.
  4. Owning real estate and movable properties to conduct its operation within the limits as stipulated by laws.

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