Tharwa Investment Company will hold its ordinary general assembly for the financial year ended December 31, 2024, on Monday, March 10, 2025.

The agenda includes reviewing and discussing the Board of Directors' report on the company's activities, financial position, and operational results for the financial year ending December 31, 2024, along with the auditor's report on the financial statements for the same year and their approval.

The assembly will also address financial statements for the financial year end and approve them, read the governance report and the audit committee report and approve them, as well as present and read the report on bonuses granted to Board members and executive management and approve it.

The assembly will review any violations reported by regulatory authorities and the resulting penalties (both financial and non-financial) imposed on the company. It will also consider approving the allocation of 10% (K.D. amounting to 186,919) to the mandatory reserve account for the financial year ending December 31, 2024. Additionally, there will be discussions regarding a proposal to distribute cash dividends of 8% of the company's total capital, amounting to 8 Fils per share, for a total of KWD 1,209,000 for shareholders registered in the company's records as of the assembly date, according to their ownership in the company's capital.

Regarding Board of Directors' bonuses, a proposal to grant a bonus of KWD  44,000 will be discussed, and the resignation of the current Board members will be presented, along with the election of a new Board for the upcoming term (2025-2026-2027).

In terms of corporate social responsibility, the assembly will consider allocating KWD 5,000 for donation, empowering the CEO to determine the beneficiary. Furthermore, transactions with related parties for the financial year ended December 31, 2024, and those planned for the upcoming financial year will be reviewed and approved.

Among the agenda items, the assembly will examine the authorization for individuals with representatives on the Board of Directors, or the Chairman, or any Board member, or any member of the executive management, or their spouses or second-degree relatives, to have direct or indirect interests in contracts and transactions executed with or for the company, in accordance with Article (199) of Companies Law No. 1 of 2016 for the financial year ending December 31, 2025.

Finally, the assembly will discuss releasing Board members from liability regarding their administrative, legal, and financial actions for the financial year ended December 31, 2024, and appointing or reappointing an auditor from the approved list of registered auditors maintained by the authority, considering the mandatory rotation period for the company's auditors and authorizing the Board of Directors to determine their fees for the financial year ended December 31, 2025.