The Board of Directors of Kuwait AlAreen Real Estate Company has announced the invitation to shareholders to attend the ordinary general assembly meeting for the fiscal year ending January 31, 2025, scheduled to be held on Wednesday, June 11, 2025, at the company's headquarters. The meeting will discuss and approve a few items listed on the agenda.

The meeting will include listening to the Board of Directors' report for the end of the fiscal year and approving it, along with the report from the auditor Dr. Shaib Abdullah Shaib from RSM Al-Bzai' and Partners, as well as the report from the Shari'ah Supervisory Board for the same financial period, with voting for their endorsement.

The consolidated financial statements for the ending fiscal year will also be discussed and approved, in addition to hearing the report on violations and penalties issued by regulatory authorities, if any.

Shareholders will consider several proposals submitted by the Board of Directors, including no allocation of any percentage for the mandatory or optional reserves for the fiscal year ending January 31, 2025, and no distribution of cash dividends or free bonus shares to shareholders for the ending fiscal year.

The meeting will also discuss the Board of Directors' proposal regarding the decision to list the company on the Boursa Kuwait as soon as the listing conditions are met and after obtaining the approval of the relevant authorities.

The meeting will also include a report on transactions that have occurred or will occur with related parties, the discussion of not granting any bonuses to Board members for the ending fiscal year, and the discharge of Board members from their legal, financial, and administrative actions during the same period.

Additionally, there will be a vote on the appointment or reappointment of the auditor and the Shari'ah Supervisory Board for the fiscal year ending January 31, 2026, with the authority granted to the Board of Directors to determine their fees.

In case the legal quorum for holding the assembly is not met, the meeting will be postponed to Thursday, June 19, 2025, at the same time and place, and this invitation will remain valid for the second meeting in case the first is postponed.