Future Holding Company OTC 375 held its ordinary general assembly, which approved all the items on its agenda, including approving the distribution of 5% cash dividends to the company’s shareholders and electing a new board of directors for the next three-year period. 

During the general meeting, the company’s Chairman of the Board of Directors, Walid Muhammad Al-Saqr, confirmed the company’s keenness to select the best investment opportunities to achieve the best performance for shareholders and grow the company’s investments.  

He said, “The company exited the market and liquidated a portfolio with a return of 13% in just six months, the company was also able to seize one of the opportunities that was available in the market, which was the purchase of a 24% share of the capital of KFIC Investment Company, thus becoming an associate company. 

He pointed out that considering to the new investment entered by Al-Mustaqbal Company, represented by KFIC, Al-Mustaqbal’s investment has increased by KD 5 million over the previous year, stressing at the same time his optimism for the future of the company’s investments and its continued achievement of good performance while continuing the policy of conservatism and working to reduce expenses and follow the best standards to protect the company's investments. 

In terms of the company's financial performance, Al-Saqr disclosed that the total income for the previous year reached KD 3.1 million, compared to KD 1.5 million in 2022, reflecting an increase of around KD 1.5 million, equating to a growth rate of 102%. The net shareholders' equity for the year was recorded at KD 19.415 million.