Kout Food Group Company will hold its Annual General Meeting (AGM) for the financial year ended 31 December 2021 on Wednesday, 30 March 2022 at 12:00 p.m. at the company’s headquarters, to discuss and approve the following agenda items:
- The Board of Directors report for the financial year ended 31 December 2021. - The auditor’s report for the financial year ended 31 December 2021. - The report on violations monitored by the regulator and any penalties imposed on the company (if any). – The financial statement for the financial year ended 31 December 2021. – Discuss the Board of Directors’ recommendation to distribute 130% cash dividends (130 fils/share) for an aggregate amount of KWD 8,743,432 to shareholders registered in the company’s records as of the AGM date. - Discuss the payment of KWD 70,000 as renumerations to members of the Board of Directors for the financial year ended 31 December 2021. - Approve the stock option scheme for the company’s qualified employees in line with the company’s Memorandum of Incorporation, as amended. Discuss absolving and releasing members of the board of directors from any legal, financial, and administrative actions during the financial year ended 31 December 2021. Approve the company’s transactions with related parties that took place in the financial year ended 31 December 2021 and authorizing the Board of Directors to conduct transactions and execute contracts with related parties during the financial year ending 31 December 2022 and thereafter until the following AGM is convened to discuss the approval of the Company’s financial statements for the financial year ending 31 December 2022. Authorize the Board of Directors to buy, sell or dispose up to 10% of the company’s shares in accordance with the provisions of the law and ministerial resolutions issued in this regard. This authorization shall remain valid for 18 months from the date of its issuance and approval. - Approve the appointment or reappointment of the company’s auditor for the financial year ending 31 December 2022 and authorizing the Board of Directors to determine their fees.

The company said that if the quorum wasn’t met, the meeting will be postponed for a week to be held on 6 April 2022 at the same location at 12:00 p.m. This announcement serves as an invitation for the postponed AGM without having to send a new one, pursuant to Article (143) of Law No. 1 of 2016 Promulgating the Companies Law as amended.