Kuwait Pillars " to Hold Its Ordinary General Assembly on May 18

تم النشر على almowazi.com في 04 مايو 2025
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Kuwait Pillars for Financial Investment Company has announced that it will hold its ordinary General Assembly on Sunday, May 18, 2025, at 12:00 PM at its headquarters.

The assembly will discuss the Board of Directors' report, read the governance report for the fiscal year ending December 31, 2024, which includes a table of total compensation granted to Board members, executive management, and directors, and approve it, as well as the Audit Committee's report for the same year and ratify it.

Among the other agenda items is a review of any penalties (financial or non-financial) imposed on the company by regulatory authorities during 2024, and a discussion of the external auditor's report from Deloitte & Touche (Al-Wazzan & Partners), along with the annual financial statements for the fiscal year ending December 31, 2024, and their approval.

The assembly will also consider approving the decision not to allocate legal reserves, not to allocate optional reserves, and to approve the Board's proposal not to distribute profits, along with not allocating bonuses to Board members for the fiscal year ending December 31, 2024.

Additionally, it will authorize the Board of Directors to buy or sell shares of the company up to a maximum of 10% of its shares, in accordance with the provisions of Law No. 7 of 2010 and its executive regulations and amendments. The assembly will also review transactions with related parties during the fiscal year ending

Assemblies

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