OTC 237 Kout Food Group Company  will discuss at its upcoming annual ordinary general assembly, scheduled to be held on Wednesday, March 26, 2025, the report of the Board of Directors and the Auditor's report for the fiscal year ending December 31, 2024, and to approve them; in addition to listening to a report on any violations that may have been detected by the regulatory authorities and for which the company may have faced penalties (if any).

Another item on the agenda is the approval of the company’s financial statements for the fiscal year ending December 31, 2024. The Board of Directors will also present a proposal to distribute cash dividends equal to 40% of the nominal value per share, amounting to (40 Fils per share), totaling KWD 2,671,277.800 (two million, six hundred seventy-one thousand, two hundred seventy-seven Kuwaiti Dinars and eight hundred Fils) to shareholders registered in the shareholder registry as of the date of the general assembly.

Additionally, the assembly will discuss the allocation of bonuses to the members of the Board of Directors for the fiscal year ending December 31, 2024, amounting to KWD 70,000 (seventy thousand Kuwaiti Dinars only); as well as the discussion on the discharge and acquittal of the Board members concerning their legal, financial, and administrative actions during the same fiscal year.

The agenda will also include the approval of transactions carried out by the company with related parties during the fiscal year ending December 31, 2024, and the Board of Directors will be granted permission to enter transactions and compensation contracts with related parties for the fiscal year ending December 31, 2025, and beyond.

The annual general assembly will also consider the adoption of the company’s financial statements for the fiscal year ending December 31, 2025.

Moreover, the assembly will discuss authorizing the Board of Directors to buy or sell the company’s shares, not exceeding 10% of its total shares, in accordance with applicable laws and the ministerial resolutions issued in this regard.

This authorization will remain valid for 18 months from the date of its issuance and approval, as well as approving the appointment or reappointment of the company’s auditor for the fiscal year ending December 31, 2025, with the Board authorized to determine their fees.