The ordinary general meeting of Bawabet Al Kuwait Holding Company, which is scheduled to be held tomorrow, Monday, September 30, 2024, will discuss the follows:
- the reports of the Board of Directors and the auditor.
- the reports of violations and penalties issued by the regulatory authorities (if any), and the transactions that have been or will be carried out with related parties.
- It will also discuss the consolidated financial statements for the fiscal year ending on 12/31/2023.
- not distributing cash dividends to shareholders for the year 2023 and deducting 10% of the net profits for the fiscal year ending on 12/31/2023 to form the legal (mandatory) reserve in the amount of 1,572,187 KWD.
- discuss the Board of Directors' proposal to reward the Board of Directors for the year 2023 in the amount of (thirty-one thousand Kuwaiti dinars), and to release them and absolve them from all matters related to their legal actions for the fiscal year ending on 12/31/2023.
- discuss the appointment or reappointment of an auditor for the company for the fiscal year ending in 2024, and to authorize the Board of Directors to determine his fees.