Refrigeration, Storage & Oil Services Industries Company (RIC) has invited its shareholders to attend the Ordinary General Assembly meeting for the fiscal year ending December 31, 2024. The meeting is scheduled for Sunday, May 25, 2025, at 11:00 AM at the company’s headquarters.

The agenda includes approval of the Board of Directors' report for the 2024 fiscal year, the auditor’s report (Bazie & Co. – Dr. Shuaib Abdullah Shuaib), and the company’s financial statements. The meeting will also cover reports of any regulatory violations or penalties, as well as past and future related party transactions.

A key item on the agenda is the Board of Directors’ recommendation to distribute a 150% cash dividend—equivalent to 150 Fils per shareholder registered as of the meeting date, excluding treasury shares.

Shareholders will also discuss authorizing the Board to buy or sell up to 10% of the company’s shares in accordance with Law No. 7 of 2010 and its amendments.

Additionally, the meeting will address the proposed Board member remuneration and the discharge of Board members from financial, legal, and administrative liabilities for the fiscal year.

The agenda also includes the appointment or reappointment of the company’s external auditor for the fiscal year ending December 31, 2025, with authorization granted to the CEO to determine their fees.

Shareholders wishing to attend are requested to contact the Kuwait Clearing Company to obtain the meeting agenda, bringing their original civil ID and shareholding documents. Those collecting documents on behalf of others must present an official authorization letter.

If quorum is not met, a postponed General Assembly will be held on Monday, June 2, 2025, at the same time, location, and with the same agenda.