United Beverage Company will discuss in its eighteenth ordinary general assembly scheduled for Sunday, February 23, 2025, the distribution of a cash dividend of K.D. 10,000,000 (Ten Million Kuwaiti Dinars), equating to 100 Fils per share for shareholders registered in the company’s records as of the date of the ordinary general assembly. The assembly will also cover various other items on its agenda, which include:
• Receiving and approving the board's report for the financial year ending December 31, 2024.
• Receiving and approving the auditors' report for the financial year ending December 31, 2024.
• Reviewing any violations and penalties issued by regulatory authorities, if any.
• Discussing and certifying the financial statements for the financial year ending December 31, 2024.
• Discussing the discharge of board members and absolving them of their legal, financial, and administrative actions for the financial year ending December 31, 2024, along with approving their waiver of bonuses for their work during that year.
• Appointing or reappointing auditors for the company and determining their fees for the financial year ending December 31, 2025.
• Authorizing the board to buy, sell, and trade company shares (treasury shares) up to a limit of 10% of the issued shares.
• Receiving reports on transactions conducted or to be conducted with related parties.