Contracting and Marine Services Company will hold its Annual General Meeting (AGM) No. (52) on Thursday, May 12, 2022, at the company’s headquarters, to consider the items listed on the following agenda:
-Hear and approve the Board of Directors’ report for the financial year ended 31 December 2021. Hear and approve the auditors’ report for the financial year ended 31 December 2021. Discuss and approve the company’s financial statements for the financial year ended 31 December 2021.

– Hear the violations and penalties report issued by the regulatory authorities (if any).

- Hear the related transactions report on the transactions that have taken place or will take place with related parties.

– Authorize deducting 10% of the net profits achieved in FY2021, i.e., KWD 203,881 towards the statutory reserve - Approve the Board of Directors’ recommendation not to deduct 10% of the Company’s net profit towards the voluntary reserve for FY2021.

- Approve the Board of Directors’ recommendation to distribute 5% cash dividends (i.e., KWD 1,143,310.260) for the financial year ended 31 December 2021 after deducting treasury shares for shareholders registered in the company’s records on the AGM’s date, subject to receiving the required approvals from the Company’s shareholders and the competent authorities.

- Approve the payment of remunerations to board members for the financial year ended 31 December 2021 - Authorize the Board of Directors to buy or sell up to 10% of the company’s shares, in accordance with the articles of Law No. 7 of 2010 its executive regulations, and their amendments. Discuss absolving board members from all matters related to their financial, legal, and administrative actions for the financial year ended 31 December 2021. Appoint or reappoint the auditors for FY2022 and authorizing the Board of Directors to determine their fees.

– Elect of members of the Board of Directors for the next three fiscal years (2022-2023-2024).