Al-Tafawoq United Holding Company K.S.C. (Closed) will hold its Annual General Meeting (AGM) on Thursday, 13 October 2022, to discuss the financial statement for the year ended 31 March 2022, and the following items:

-    Hear and approve the Board of Directors’ report for the financial year ended 31 March 2022.
-    Hear and approve the company’s auditor’s report for the financial year ended 31 March 2022.
-    Discuss and approve the Company’s financial statements for the financial year ended 31 March 2022.
-    Hear the violations reports and the penalties issued by the regulatory authorities (if any) for the financial year 2022.
-    Hear the related transactions report for the transactions that took place or will take place with related parties.
-    Deduct 10% towards the mandatory statutory reserve in the amount of (KWD 69,973) of net profits for the financial year ended 31 March 2022.
-    Discuss the Board of Directors’ recommendation not to distribute cash dividends to shareholders for the financial year ended 31 March 2022.
-    Discuss the Board of Directors’ recommendation not to pay remunerations to board members for the financial year ended 31 March 2022.
-    Discuss absolving board members and releasing them from all matters related to their legal, financial, and administrative actions for the financial year ended 31 March 2022.
-    Appoint or reappoint the Company’s auditor for the financial year ending 31 March 2023 and authorize the Board of Directors to determine their fees.
The company indicated that in the event of a lack of quorum, the postponed AGM will be held on 20 October 2022 at the same place and time, and the invitation is valid for the postponed meeting.