Business Update26 Aug 2026, 07:10 pm
Mena Mani Industries Ltd to Alter Memorandum of Association for Hospitality Business
AI Summary
Mena Mani Industries Ltd announced that its Board of Directors, in a meeting held on August 26, 2026, has approved an alteration to the company's Memorandum of Association. This alteration involves inserting a new object clause, specifically clause III [A] (8), to enable the company to engage in the hospitality sector. The new business activities include developing, operating, and managing hotels, resorts, restaurants, wellness centers, and related services, as well as catering and entertainment. This change is subject to the approval of the company's members. The board meeting commenced at 5:00 p.m. and concluded at 6:30 p.m.
Key Highlights
- Board approved alteration to Memorandum of Association.
- New object clause to include hospitality and tourism businesses.
- Expansion into hotels, resorts, restaurants, and wellness centers.
- Subject to member approval.
- Board meeting held on August 26, 2026.
Price Impact
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