Kuwait Commercial Market Complexes company has invited its shareholders to attend the ordinary general assembly meeting for the fiscal year ending December 31, 2024, which will be held on Monday, May 26, 2025, at 12:30 PM at the company's headquarters.

The main agenda items include the election of a new board of directors for the next three years, discussion of the board's report, the external auditor's report (Al-Waha Audit Office), the consolidated financial statements, and the income statement for the fiscal year ending December 31, 2024, along with their approval. Any violations reported by regulatory authorities or any sanctions imposed on the company during that year (if any) will also be reviewed.

Additionally, several recommendations will be discussed, including the board's recommendation for the distribution of a 5% bonus share (i.e., 5 shares for every 100 shares) to its shareholders for the finished fiscal year, with the board being authorized to handle any fractional shares resulting from this distribution. The recommendation also includes not distributing cash dividends and not distributing bonuses to board members for the fiscal year ending 2024.

The agenda will also review transactions with related parties that occurred during the fiscal year ending 2024 and grant authority for transactions that will take place during the fiscal year ending December 31, 2025, along with their approval.

There is a proposal from the board to set aside a mandatory reserve of 10% of net profits for the fiscal year ending 2024 before deducting the share of the Kuwait Foundation for the Advancement of Sciences and zakat amounting to KWD 57,537 (only fifty-seven thousand five hundred and thirty-seven Kuwaiti dinars), and a proposal not to set aside an optional reserve for the fiscal year ending 2024. Approval will also be sought to authorize the board to buy or sell company shares not exceeding 10% of the total shares according to the provisions of Law No. 7 of 2010 and its executive regulations and amendments.

Furthermore, the appointment or reappointment of the company’s auditor for the fiscal year ending December 31, 2025, will be approved, with the board being authorized to determine their fees.

The agenda will also include the discussion of the discharge of the board members and their release from all liability regarding administrative, financial, and legal actions for the fiscal year ending 2024, as well as allowing board members to hold membership in the board of directors of " Kuwait Commercial Market Complexes company " and membership in any of its subsidiaries and/or affiliated companies and/or those operating in the same business as the company or any of its branches.