The International Resorts Company will discuss its audited consolidated financial statements for the fiscal year ending December 31, 2023, in its upcoming ordinary general assembly scheduled for Tuesday, February 11, 2025.
Several items on the agenda include:
- Discussing and approving the Board of Directors' report on the company’s activities and financial position for the fiscal year ending December 31, 2023.
- Discussing and approving the external auditor’s report from Al-Qatami & Al-Aiban and Partners regarding the company’s financial statements for the fiscal year ending December 31, 2023.
- Reviewing any violations recorded by regulatory authorities or any penalties (financial or non-financial) imposed on the company for the fiscal year ending December 31, 2023 (if any).
- Reviewing transactions conducted with related parties in the fiscal year ending December 31, 2023, and authorizing the Board of Directors to complete transactions with related parties in the fiscal year ending December 31, 2024.
- Discussing the Board of Directors' recommendation not to distribute dividends for the fiscal year ending December 31, 2023.
- Discussing the Board of Directors' recommendation to grant a total bonus of KWD 12,500 (twelve thousand and five hundred Kuwaiti Dinars only) to the members of the Board of Directors for the fiscal year ending December 31, 2023.
- Approving the authorization of the Board of Directors to deal in the company’s shares, not exceeding 10% of the total number of shares, in accordance with the provisions of Law No. 7 of 2010 and its executive regulations and amendments.
- Discussing the discharge of the Board of Directors’ members and exoneration regarding their financial, legal, and administrative actions for the fiscal year ending December 31, 2023.
- Appointing or reappointing an auditor for the fiscal year ending December 31, 2024, from the approved list of auditors by the Capital Markets Authority while considering the mandatory change period and authorizing the Board of Directors to determine their fees.