Al Mal Investment Company (K.S.C.P) will hold its Annual General meeting (AGM) for the financial year ended 31 December 2020, on Thursday, 9 June 2022, to discuss the following item listed on its agenda:
Hear and approve the Board of Directors’ report on the company’s business and financial position for the financial year ended 31 December 2020. Hear and approve the auditors’ report for the financial year ended 31 December 2020. Discuss and approve the financial statement for the financial year ended 31 December 2020. - Hear the violations report and penalties issued by the regulatory authorities for financial year ended 31 December 2020. - Hear the related parties’ transactions report for all transactions that took place during the financial year ended 31 December 2020 and authorize the Board of Directors to deal with related parties in the financial year ending 31 December 2021. Discuss the Board of Directors’ recommendation not to distribute cash dividends or bonus shares for the financial year ended 31 December 2020. - Discuss the Board of Directors’ recommendation not to pay renumerations to board members for the financial year ended 31 December 2020. - Discuss authorizing the Board of Directors to purchase or sell the company’s shares by not more than 10% of the number of the Company’s shares, pursuant to the provisions of Law No. 7 of 2010 and its Executive Regulations, as amended. -Discuss the appointment or reappointment of the company’s auditor from the Capital Markets Authority’s approved list and authorize the Board of Directors to determine their fees for the financial year ending 31 December 2021. -Discuss absolving and releasing board members from all matters related to their legal, financial, and administrative actions for the financial year ended 31 December 2020, where members of the Board of Directors were released in line with the resolutions issued by the Capital Markets Authority No. (38 of 2019). - Discuss Resolution No. (13) for 2022 issued by the Capital Markets Authority on delisting Al-Mal Investment Company’s shares from trading on Boursa Kuwait and examine the company’s conditions and the Board of Directors’ future plans to address the situation. Discuss accepting the resignation of the members of the Board of Directors. Elect complementary board members.