Page 48 - JTC-Annual Report-2025-Eng
P. 48

JTC Logistics Transportation & Stevedoring Company K.S.C.P
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            As at December 31, 2025
            (All amounts are in Kuwaiti Dinars)



            1.   INCORPORATION AND ACTIVITIES OF THE PARENT COMPANY

            The registered head office of the Parent Company is at Mirqab, Area No 1, Building No 8, Saleh
            Sulaiman Al Jarah Real Estate Complex, Office 2, 5th floor, P.O. Box 22801, Safat 13089, Kuwait.
            The Parent Company is registered and incorporated in Kuwait on May 25, 1979. The commercial
            register of the Parent Company was amended under no: 103057 to reflect latest changes on
            November 10, 2025, regarding the Parent Company’s activities.

            During the previous year, the name of the Parent Company has been changed from Jassim
            Transport and Stevedoring Company K.S.C.P. to JTC Logistics Transportation & Stevedoring
            Company. K.S.C.P. as registered in the commercial register No. 23954 dated October 15, 2024.

            During the year, the Shareholders’ Extraordinary General Assembly held on October 15, 2025,
            approved the amendment of Article No. (6) of the Memorandum of Incorporation and Article
            No. (4) of the Articles of Association of the Parent Company regarding the activities of the Parent
            Company to be as follows:
            1.   Land transport and pipeline transport

            2.  Vehicle transport rental (tow trucks)
            3.  Transport of refrigerated and frozen goods

            4.  Transport of liquids, liquefied gases, or chemicals
            5.  Transport of new cars

            6.  Transport of solid and liquid waste
            7.  Provision of logistics services

            8.  Operation of storage facilities for all types of goods
            9.  Container handling services

            10.  Storage in warehouses
            11.  Refrigerated and frozen goods warehouses (cold storage)

            12.  General warehouses containing a variety of goods (excluding refrigerated goods)
            13.  Chemical warehouses
            14.  Furniture & wood warehouses

            15.  Vehicle warehouses
            16.  Storage in ports, customs, or free zones

            17.  Port activities
            18.  Ship unloading and loading

            19.  Cargo handling
            20.  Customs clearance office

            21.  Marine shipping and transport agencies
            22.  Measuring & weighing offices


    46                                 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.
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