Hayat Investment Company will hold its Annual General Meeting (AGM) for the financial year ended 31 December 2021 on Sunday, 15 May 2021, at the company’s headquarters, noting that the Company will take all precautionary measures to prevent the spread of the COVID-19 virus. The AGM will discuss the items listed on its agenda for the financial year ended 31 December 2021, as follows:

First: Discuss and approve the company’s board of directors’ report for the financial year ended 31 December 2021. Second: Discuss and approve the company’s auditor’s report for the financial year ended 31 December 2021.

Third: Hear and approve the Shariah Supervisory Board’s report for the financial year ended 31 December 2021.

Fourth: Hear and approve the External Shariah Audit Office’s report on the company’s business and activities for the financial year ended 31 December 2021.

Fifth: Discuss and approve the financial statements and final accounts for the financial year ended 31 December 2021.

Sixth: Review and approve the violations reports detected by the regulatory authorities that resulted in the imposition of penalties on the company for the financial year 2021.

Seventh: Approve the Board of Directors’ recommendation to distribute 5% of the company’s capital as cash dividends for the financial year ended 31 December 31, 2021, for an aggregate amount of KWD 750,000 to shareholders registered in the company’s records as of the AGM date.

Eighth: Approve the Board of Directors’ recommendation to pay KWD 10,000 in remuneration to the independent board member, and to pay KWD 5,000 to the remaining board members for the financial year ended 31 December 31, 2021.

Ninth: Review and approve the relevant parties transactions report on the transactions that have taken place in FY2021 or will take place with related parties in 2022.

Tenth: Hear and approve the remuneration and incentives report for the financial year ended 31 December 31, 2021.Eleventh: Read the governance report for the financial year ended 31 December 2021 and the Audit Committee’s report for the financial year ended 31 December 2021.

Twelfth: Discuss absolving and releasing board members from liabilities related to their financial, legal and administrative actions for the financial year ended 31 December 2021.

Thirteenth: Elect members of the Board of Directors for a new term for the next three years (2022-2023-2024). Fourteen: Approve the appointment or reappointment of the company’s auditor the financial year ending 31 December 2022 from the approved list of auditors registered with the Capital Markets Authority (CMA), taking into account the mandatory change period, and authorizing the Board of Directors to determine their fees.

Fifteenth: Approve the appointment or reappointment of the members of the Shariah Supervisory Board for the financial year ending 31 December 2022, and authorizing the Board of Directors to determine their fees: Sixteenth: Approve the appointment or reappointment of the external Shariah audit office from the approved list of external Sharia audit offices registered with the CMA for persons authorized to work in accordance with the provisions of Islamic Shariah, taking into account the period of mandatory change of external Sharia audit offices for the financial year ending 31 December 2022, and authorizing the Board of Directors to determine their fees.