The Board of Directors of United Agricultural & Livestock Production Company has invited its shareholders to attend its ordinary general assembly scheduled for Monday, May 5, 2025, at 10:00 AM.
The assembly will discuss the Board's proposal to distribute cash dividends for the fiscal year ended December 31, 2024, at a rate of 210%, amounting to KWD 8,006,131.500 (equivalent to 210 Fils per share), for shareholders recorded on the company's records as of the date of the general assembly.
The proposal also includes distributing a total bonus of KWD 10,000 to the Board members, clearing their legal, financial, and administrative responsibilities during the fiscal year ending December 31, 2024.
Additionally, the assembly will review the Board's report, the auditor’s report for the fiscal year ended December 31, 2024, and reports on violations and penalties issued by regulatory authorities.
Furthermore, it will discuss financial statements for the year ending December 31, 2024, and approve the allocation of 10% of the net profit to the legal reserve and an additional 10% to the optional reserve for the fiscal year ending December 31, 2025.
The assembly will also discuss a 1% donation of net profits to charitable organizations via the Good Projects Foundation, authorize the Board to sell, mortgage, or engage in loans as needed, and appoint or reappoint the auditor, empowering the Board to set their fees for the fiscal year ending December 31, 2025.