The upcoming Annual General Meeting (AGM) of Flex Resorts and Real Estate Company, scheduled for Tuesday, 13 June 2023 at the company's headquarters, will address several important topics. These include the examination of the consolidated financial statements for the financial year ended 31 December 2022, as well as the reports presented by the Board of Directors and the auditor. The meeting will also cover any violations or penalties issued by regulatory authorities, if applicable, and review the transactions conducted or planned with relevant parties.

During the AGM, the proposal put forth by the Board of Directors to amortize a portion of the company's accumulated losses will be discussed. The proposed amount for extinguishing the accumulated losses is KWD 4,365,920, as follows:

-    KWD 9,108 represents the total statutory reserve.
-    KWD 9,108 represents the total voluntary reserve.

After amortization, the accumulated losses shall amount to KWD 4,347,704.

Furthermore, the meeting will address the Board of Directors' proposal regarding not paying any renumerations to board members for the financial year ended 31 December 2022, release and absolve the Board members from any legal, financial, and administrative actions taken during the financial year ended 31 December 2022, the appointment or re-appointment of auditors for the financial year ending 31 December 2023. The Board of Directors will also be authorized to determine their fees.