Page 50 - JTC-Annual Report-2025-Eng

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)

56. Management of industrial and craft establishments
57. Establishing companies or participating with others to execute the company’s works
58. Buying and selling shares and bonds for the company’s account

59. Investing surplus funds in financial portfolios managed by specialized companies and entities

60. Establishment of cold storage warehouses
61. Repair and maintenance of electrical transformers for power transmission or distribution
62. Repair and maintenance of engines, electric generators, and steam generation devices

63. Rental of cranes for construction purposes
64. Rental of construction equipment

65. Rental services for light and heavy machinery and equipment
66. Rental of containers

67. Buying and selling of land and real estate for the company’s account only
68. Ownership of real estate and movable property for the benefit of the company

69. Metal turning

The Parent Company may directly carry out all or some of these objectives, whether in Kuwait or
abroad, on its own or as an agent. The Parent Company may also engage in similar, complementary,
necessary, or related activities to its stated purposes. The Parent Company shall conduct its
business and all its activities in accordance with its Articles of Association. It may also have an
interest in, or participate in any manner with, entities engaged in activities similar to its own to
achieve its purposes inside or outside Kuwait. The Parent Company may establish, participate in,
or acquire such entities.

The Parent Company and its subsidiaries are referred to as the Group.
The Parent Company is a subsidiary of Kuwait Projects Company Holding K.S.C. (Public) (“Ultimate
Parent Company”).
The Parent Company is regulated and supervised by the Capital Market Authority (“CMA”) as a
listed Company.

The consolidated financial statements was authorized for issue in accordance with a resolution of
the Parent Company’s Board of Directors on February 16, 2026. The Shareholders’ Annual General
Assembly has the power to amend these consolidated financial statements after issuance.

2. MATERIAL ACCOUNTING POLICIES INFORMATION

a) Basis of Preparation

The accompanying consolidated financial statements of the Group have been prepared
in accordance with the IFRS Accounting Standard (“IFRS”) as issued by the International
Accounting Standards Board (“IASB”). The material accounting policies adopted are
summarized as follows:

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