Al Mustaqbal Holding Company announced its invitation to the convening of the ordinary general assembly on Wednesday, June 11, 2025, at the company's headquarters, to review the items listed on the agenda related to the fiscal year ending December 31, 2024.
The agenda includes the discussion and approval of the main reports, which are: the Board of Directors' report, the auditors' report, in addition to the financial statements for the fiscal year ending December 31, 2024, and their ratification.
A report on any violations detected by regulatory authorities that resulted in penalties, if any, will also be presented, along with discussions regarding transactions that have occurred or will occur with related parties.
A few financial proposals will also be presented to the assembly, the most notable of which are: a proposal to distribute a bonus of 25,000 Kuwaiti Dinars to the members of the Board of Directors, and to allocate 10% of net profits to the legal reserve, amounting to K.D. 466,117. Shareholders will also discuss the Board of Directors' recommendation to distribute cash dividends of 10% (equivalent to 10 Fils per share), totaling K.D. 1,700,000 for shareholders registered in the company's records as of the date of the assembly.
Among the other agenda items is the discussion to cease the allocation from net profits for the optional reserve, in addition to releasing the members of the Board of Directors from liability regarding all legal, administrative, and financial actions for the fiscal year that has ended, and finally the appointment or reappointment of auditors for the fiscal year ending December 31, 2025, and granting the Board of Directors the authority to determine their fees.