Ghazal Logistics and Warehousing Company has scheduled its Annual General Meeting (AGM) for Monday, 29 May 2023. The agenda of the meeting includes discussions and approval of various reports, including the Board of Directors' report, the auditor's report, and reports on violations and penalties issued by regulatory authorities, along with the company's response. Additionally, the meeting will cover transactions that have occurred during the financial year ended 31 December 2022 and transactions planned for the following year.

The AGM will also cover the discussion and approval of the financial statements for the financial year ended 31 December 2022. Additionally, there will be a proposal for the distribution of bonus shares, amounting to 20% of the total shares, which is equivalent to 2,184,400 fils or KWD 218,400. These bonus shares will be granted to shareholders who are registered in the company's records as of the AGM date. 

Furthermore, there will be deductions made from the voluntary reserve. An amount of KWD 58,552 will be deducted at a rate of 10% toward the voluntary reserve for purposes determined by the AGM. Similarly, there will be another deduction of KWD 58,552 at a rate of 10% towards the statutory reserve.

The AGM will also address the matter of absolving the management from any legal or financial liabilities related to their actions in overseeing the company during the financial year ended 31 December 2022. Additionally, there will be discussions on the appointment or re-appointment of the auditor for the financial year ending 31 December 2023. The AGM will also grant authority to the Board of Directors to determine the auditor's fees.