"United Industries" discusses the election of a new Board of Directors for the next three years

تم النشر على almowazi.com في 16 أكتوبر 2024
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United Industries Company will discuss during its ordinary general meeting for the fiscal year ending December 31, 2023, scheduled to be held on Wednesday, October 30, 2024, the election of a new Board of Directors for the next three years (2024-2026), and discuss other items on its agenda as follows:

- Hearing and discussing the Board of Directors' report for the fiscal year ending December 31, 2023, and approving it.
- Hearing and approving the Auditor's report for the fiscal year ending December 31, 2023.
- Discussing and approving the financial statements for the fiscal year ending December 31, 2023.
- Hearing the report on violations and penalties issued by the regulatory authorities, if any.
- Discussing the Board of Directors' recommendation not to distribute profits to shareholders for the fiscal year ending December 31, 2023.
- Discussing the Board of Directors' recommendation not to distribute a bonus to the Board of Directors members for the fiscal year ending on December 31, 2023.
- Discussing the Board of Directors' recommendation to transfer the entire balance of the company's optional reserve account, amounting to KWD 17,615,316 as of December 31, 2023, to the accumulated losses account, amounting to KWD 22,637,243 as of December 31, 2023, so that the company's accumulated losses account after the transfer will be KWD 5,021,927.
- Reviewing and approving the report on transactions that took place with related parties during the fiscal year ending on December 31, 2023, and authorizing the Board of Directors to carry out transactions that will take place during the fiscal year ending on December 31, 2024.
- Approval of the Board of Directors' authorization to deal with the company's shares (buy, sell, or dispose of shares) not exceeding 10% of the total number of shares for a period of 18 months, in accordance with the provisions of Law No. 7 of 2010 and its executive regulations and their amendments.
- Discussion of the release of the members of the Board of Directors and their discharge from liability regarding their legal, administrative, and financial actions for the fiscal year ending on December 31, 2023.
- Appointing or reappointing the company's auditor for the fiscal year ending on December 31, 2024, and authorizing the Board of Directors to determine his fees.

Election of a board of directors
Assemblies

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