Kuwait Pillars for Financial Investment Company will hold its Annual General Meeting on Monday, 25 April 2022 at the company's headquarters, to discuss the following agenda items:
First: Discuss and approve the Board of Directors’ report for the financial year ended 31 December 2021. Second: Read and approve the Corporate Governance report and the Audit Committee’s report for the financial year ended 31 December 2021. Third: Review any penalties (financial or non-financial) that were imposed on the company by the regulatory authorities during the financial year ended 31 December 2021 (if any). Fourth: Discuss and approve the external auditor's report (Deloitte & Touche, Al Wazzan & Co.) for the financial year ended 31 December 2021.

Fifth: Discuss and approve the annual financial statement for the financial year ended 31 December 2021. Sixth: Discuss the deduction of 10% of the net profit towards the statutory reserve for a total amount of KWD 1,093,415. Seventh: Discuss the deduction of 1% of the net profit towards the voluntary reserve for a total of KWD 109,340.

Eighth: Discuss the Board of Directors’ recommendation to distribute 5% of the share’s nominal value of the share, i.e., 5 fils per share cash dividends for the financial year ended 31 December 2021, to shareholders registered in the company’s records as of the AGM’s date. Ninth: Discuss the distribution of KWD 168,000 in remunerations to board members for the financial year ended 31 December 2021. Tenth: Authorize the Board of Directors to buy or sell the company's shares, not exceeding 10% of the number of its shares, in accordance with the articles of Law No. 7 of 2010 and its executive regulations and their amendments. Eleventh: Review the transactions that related parties during the fiscal year ended 31 December 2021 and authorize the Board of Directors to deal with related parties until the date of the next AGM for the financial year ended 31 December 2022. Twelfth: Approve absolving board members and releasing them from any liabilities related to their financial, administrative, and legal actions for the financial year ended 31 December 2021. Thirteenth: Discuss the allocation of KWD 2500 towards Social Corporate Responsibility (CSR) initiatives for the financial year ending 31 December 2022 to be donated and authorize the CEO to determine the eligible organization to receive that amount.  Fourteenth: Approve the appointment or reappointment of the company's auditor from the approved list of registered auditors with the Capital Markets Authority - taking into account the period of mandatory change - for the financial year ending 31 December 2022 and authorizing the Board of Directors to determine their fees. Fifteenth: Approve the appointment of a board member in the Board of Directors of Kuwait Investment Company and approve the appointment of a board member in Gulf Custody Company’s board of directors and Kuwait Financial Center, pursuant to Article 197 of the Companies Law.

The company said that shareholders interested in attending the AGM may visit the company’s offices to receive the meeting invitation, the agenda, and the Board of Directors’ report, as of 11 April 2022.