The Board of Directors of the National Leasing & Financing Company invites its shareholders to attend the ordinary general assembly at 11:00 AM on Wednesday, April 23, 2025, to discuss the items listed on its agenda, including:
• Discussion of the Board's proposal to distribute cash dividends for the financial year ending December 31, 2024, for shareholders recorded in the company until the date of the general assembly, at a rate of 4%, equivalent to 4 Fils per share, amounting to a total of 1,664,339 Kuwaiti Dinars.
• Approval of the resignation of International Business Holding Company from the Board of Directors.
• Election of a complementary independent board member.
• Discussion and approval of the Board of Directors' report for the financial year ending December 31, 2024.
• Discussion and approval of the external auditor's report for the financial year ending December 31, 2024.
• Discussion and approval of the Sharia supervisory board's report for the financial year ending December 31, 2024.
• Discussion and approval of the report from the external Sharia auditing office for the financial year ending December 31, 2024.
• Review of any violations and penalties issued against the company (if any) by the regulatory authorities for the financial year ending December 31, 2024.
• Discussion and approval of the financial statements for the financial year ending December 31, 2024.
• Reading of the corporate governance report, audit committee report, and bonus report for the financial year ending December 31, 2024.
• Review and approval of transactions conducted with related parties.
• Approval of the allocation of 10% (KD 210,037) of net profits to the company’s mandatory legal reserve for the financial year ending December 31, 2024.
• Discussion of allocating 10% (KD 210,037) of net profits to the company’s optional reserve for the financial year ending December 31, 2024, to address emergencies and risks facing the company in the future.
• Discussion of the Board's proposal to distribute bonuses to the board members for the financial year ending December 31, 2024, amounting to KD 27,000 (twenty-seven thousand Kuwaiti Dinars).
• Discussion of releasing the current board members from their financial, legal, and administrative responsibilities for the financial year ending December 31, 2024.
• Approval of the appointment/reappointment of the company auditor from the list of registered auditors in the private registry held by the Capital Markets Authority and granting the Board the authority to determine their fees for the financial year ending December 31, 2025.
• Approval of the appointment/reappointment of the Sharia supervisory board and granting the Board the authority to determine their fees for the financial year ending December 31, 2025.
• Approval of the appointment/reappointment of the external Sharia auditing office for the company's work and granting the Board the authority to determine their fees for the financial year ending December 31, 2025.