The Board of Directors of Future Communications Company has invited its shareholders to attend the ordinary general assembly for the financial year ending December 31, 2024, on Monday, May 5, 2025.
The agenda includes hearing the report of the Board of Directors and the auditor’s report on the financial statements for the year ending December 31, 2024, and approving them.
Additionally, the assembly will address reports on violations and penalties noted by regulatory authorities, and transactions conducted or to be conducted with related parties.
The assembly will also discuss and approve the financial statements for the year ending December 31, 2024, along with the Board of Directors' recommendation for a cash dividend distribution of 50% of the nominal value per share, which is equivalent to 50 Fils Kuwaiti per share, totaling KWD 493,562 (four hundred ninety-three thousand five hundred sixty-two Kuwaiti Dinars) after deducting treasury shares, to be distributed to shareholders registered in the company's records as of the date of the general assembly, pending approval by the relevant authorities. Furthermore, the Board of Directors recommends distributing a bonus of KWD 20,000 (twenty thousand Kuwaiti Dinars only) to the board members for the financial year ending December 31, 2024, to be shared equally among the board members.
The assembly will also discuss authorizing the Board of Directors to buy or sell shares of the company, not exceeding 10% of its total shares, and will absolve the board members of any liability regarding their legal, financial, and administrative actions for the financial year ending December 31, 2024.
Finally, the assembly will appoint or reappoint an auditor for the financial year ending December 31, 2025, and authorize the Board of Directors to determine the auditor's fees.