Gulf Glass Manufacturing Company (GGMC) held its annual general assembly on Wednesday, April 16, 2025. The agenda items were approved, the most important of which was the recommendation from the board of directors to distribute cash dividends at a rate of 10%, which equates to 10 Fils per share after deducting treasury shares, to shareholders registered in the company’s records on the date of the general assembly.

The resignation of the current board of directors for the current term until May 29, 2025, was also approved, and each of Kuwait's Al-Dawha Real Estate Company, Al-Qasba Real Estate Company, and Al-Batheel Real Estate Company was elected as new members of the board of directors for the next three years (2025 - 2028).

In addition, the consolidated financial statements, the board of directors' report, and the auditor's report for the financial year ending December 31, 2024, were approved. Transactions that have taken place or will take place with related parties were also approved, and the board of directors was authorized to buy or sell up to 10% of the company’s shares according to the provisions of Law No. 7 of 2010 and its executive regulation.

The board of directors was also authorized to sell company properties or to mortgage them or to provide guarantees and enter loans in accordance with Article 184 of the Companies Law, and to approve a reward of K.D. 15,000 (Fifteen Thousand Kuwaiti Dinars) for the members of the board of directors.

The board of directors' members were released and absolved from any responsibility regarding their legal and financial conduct for the financial year ending December 31, 2024, and the auditor for the company was reappointed for the financial year ending December 31, 2025 (Al-Buzai'a and Partners RSM for auditing) Dr. Shu’aib Abdullah Shu’aib, and the board of directors was authorized to determine his fees, and to hear a report on violations and penalties issued by regulatory authorities: (There are no violations for the financial year ending December 31, 2024).