The Board of Directors of Hayat Investment Company has invited its shareholders to attend its ordinary general assembly for the fiscal year ending December 31, 2024, on Thursday, May 15, 2025, at 12:30 PM, to elect members of the Board of Directors for a new term of three years (2025, 2026, 2027), discuss the financial statements and final accounts for the fiscal year ended December 31, 2024, approve them, and address several other important items on its agenda, including:
- Discussing and approving the Board of Directors' report for the fiscal year ended December 31, 2024.
- Discussing and approving the auditor's report for the fiscal year ended December 31, 2024.
- Hearing the Sharia Supervisory Board's report for the fiscal year ended December 31, 2024, and approving it.
- Hearing the external Sharia audit office's report on the company's operations and activities for the fiscal year ended December 31, 2024, and approving it.
- Reviewing the report regarding any violations identified by regulatory authorities that resulted in penalties imposed on the company for the fiscal year ended December 31, 2024, and approving it.
- Approving the Board of Directors' recommendation not to distribute cash dividends for the fiscal year ended December 31, 2024, and endorsing it.
- Approving the Board of Directors' recommendation not to grant bonuses to the members of the Board of Directors for the fiscal year ended December 31, 2024, except for an allowance of KWD 5,000 for each independent member for the fiscal year ended December 31, 2024, and endorsing it.
- Reviewing the report on transactions conducted for the fiscal year ending December 31, 2024, or in relation to related parties for the fiscal year ending December 31, 2025, and approving it.
- Hearing the report on bonuses and incentives for the fiscal year ended December 31, 2024, and approving it.
- Reciting both the governance report for the fiscal year ended December 31, 2024, and the Board of Directors' audit committee report for the fiscal year ended December 31, 2024, and approving them.
- Discussing the discharge of the Board of Directors' members and releasing them from all financial, legal, and administrative actions related to their conduct for the fiscal year ended December 31, 2024.
- Approving the appointment or reappointment of the company's auditor from the accredited list of auditors at the Capital Markets Authority while considering the mandatory rotation period for auditors for the fiscal year ending December 31, 2025, and authorizing the Board of Directors to determine their fees.
- Approving the appointment or reappointment of members of the Sharia Supervisory Board for the fiscal year ending December 31, 2025, and authorizing the Board of Directors to determine their fees.
- Approving the appointment or reappointment of an external Sharia audit office from the accredited list of registered external Sharia audit offices at the Capital Markets Authority, for individuals authorized to work in accordance with Islamic law, while considering the mandatory rotation period for external Sharia audit offices for the fiscal year ending December 31, 2025, and authorizing the Board of Directors to determine their fees.
Assemblies
Election of a board of directors