Proposed Amendments to the Article of Association of Alujain Holding Corp.
Article No. Article title Article before the amendment Article after the amendment Article (2) Company
Name Alujain Holding Corp. Alujain Corporation
Article (3) Company Objective
- Manage the affiliates of the company, or participate in managing other companies in which the company has shares and provide support to such companies.
- Invest its funds in shares and other securities
- Own real estate and movables required to exercise its activity - Offer loans, warranties and
finance to the company's affiliates
- Own industrial property rights including patents, trademarks, industrial marks, franchises and other moral rights, use them and lease to the affiliates or third parties.
- Any other regulatory objective that matches the nature of this company.
- To invest in industrial projects including, but not limited to, projects relating to petrochemical, chemical, basic and conversion industries and industries relating to renewable energy.
- To establish, operate and own industrial projects both within and outside of the Kingdom of Saudi Arabia.
- To market the company's products both within and outside of the Kingdom of Saudi Arabia.
- To conduct wholesale and retail trading of products relating to the company's activities.
- To own real estate and to construct buildings and warehouses necessary for the storage of the company's products and for other uses which the company may require during the conduct of its operations.
- To manage affiliated companies and provide necessary support to them.
- Activities of head offices (overseeing and managing of other units of the company).
- Manufacture of Plastics in primary forms.
- Manufacture of Propylene.
- Investment companies activities.
- Activities of Holding companies.
- Own-account investment activities, Including venture capital firms and investment clubs.
- Manufacture of Chemical Materials.
- Manufacture of basic organic chemicals, including acetylene, except for fertilizers and nitrogenous compounds.
