National Leasing and Financing Company will hold its Annual General Meeting (AGM) for the financial year ended 31 December 2021 on Wednesday, 30 March 2021 at the company’s headquarters, to discuss the financial statements and other items listed on its agenda, as follows:
First: Discuss and approve the Board of Directors’ report for the financial year ended 31 December 2021. Second: Discuss and approve the auditor’s report for the financial year ended 31 December 2021. Third: Discuss and approve the Sharia Supervisory Board’s report for the financial year ended 31 December 2021. Fourth: Discuss and approve the External Shariah Audit Office’s report for the financial year ended 31 December 2021.

ifth: Review the violations and penalties issued against the company (if any) by the regulatory authorities for the financial year ended 31 December 2021. Sixth: Discuss and approve the financial statements for the financial year ended 31 December 2021. Seventh: Read the corporate governance report, the audit committee report, and the remuneration report for the financial year ended 31 December 2021. Eighth: Review and approve the transactions that have taken place or that will take place with related parties. Ninth: Approve the deduction of 10% (KWD 409,547) from the Company’s net profits towards the statutory reserve for the financial year ended 31 December 2021. Tenth: Discuss the deduction of 10% (KWD 409,547) from the Company’s net profits towards the voluntary reserve for the financial year ended 31 December 2021. Eleventh: Discuss the board of directors’ recommendation to distribute 4% (i.e., 4 fils per share) for an aggregate amount of KWD 1,664,339 in cash dividends for the financial year ended 31 December 2021 to shareholders registered in the company’s records as of the AGM’s date. Twelfth: Discuss the Board of Directors' recommendation to disburse KWD 9,000 remunerations to members of the Board of Directors for the financial year ended 31 December 2021. Thirteenth: Discuss absolving the current members of the board of directors and releasing them from all liabilities related to the financial, legal and administrative actions during the financial year ended 31 December 2021. Fourteen: Approve the appointment/reappointment of the company’s auditor from the Capital Market’s Authority’s approved list and authorize the Board of Directors to determine their fees for the financial year ending 31 December 2022. Fifteenth: Approve the reappointment of the Shariah Supervisory Board of the Islamic Financial Industry House (Bait Al-Sina’a) and authorizing the Board of Directors to determine their fees for the financial year ending 31 December 2022. Sixteenth: Approving the reappointment of the external Sharia audit office, Al-Mashaura and Al-Raya Islamic Financial Consultancy Company and authorizing the Board of Directors to determine its fees for the financial year ending 31 December 2022. 

The company said that if the quorum isn’t met, the postponed AGM will be held on Thursday, 7 April 2022 at 11 a.m. at the same place, and this announcement serves as invitation for the postponed meeting.