Cap Corp will hold its Annual General Meeting (AGM) for the financial year ended 31 December 2022, on Thursday, 11 May 2023, to discuss and approve the Board of Directors’ report, the external Sharia auditor’s report, the Sharia Supervisory Board’s report, and the governance report for the financial year ended 31 December 2022, which includes a table of the total remuneration paid to board members, executive management, and managers, as well as the Audit Committee’s report for the financial year ended 31 December 2022.

The AGM will also review the report on the financial and non-financial violations imposed on the company by the regulatory authorities for FY 2022 (if any).

Moreover, the AGM is scheduled to discuss the external auditor’s report for the financial year 2022, the consolidated final financial statements and the profit and loss account of the company for the financial year ended 31 December 2022, and the Board of Directors’ recommendation not to distribute any profits for the financial year 2022, as well as the recommendation of the Board of Directors not to distribute any annual renumerations to board members, and to absolve them of their liability regarding their legal, financial and administrative actions for the financial year ended 31 December 2022.

Discuss the Board of Directors’ recommendation not to make any deduction towards the voluntary reserve for the financial year ended 31 December 2022, and discus the Board of Directors’ recommendation not to make any deduction towards the statuary reserve for the financial year ended 31 December 2022, due to the company’s accumulated losses.

Review the related parties’ transactions report for the financial year ended 31 December 2022, and approve the transactions that will take place with related parties during the financial year ending 31 December 2023. Appoint or reappoint the Sharia Supervisory Board and the external auditor from the auditors registered with the Capital Markets Authority (CMA) for the financial year ending 31 December 2023, and authorizing the Board of Directors to determine their fees, taking into account the period of mandatory change stipulated by CMA.