The Wataniya Environmental Services Co. KSCC will convene its Ordinary General Assembly on Tuesday, June 24, 2025, at 11:00 AM at the premises of the Wataniya Environmental Services Co. to review and discuss the items listed on its agenda.
The agenda includes the presentation of the Board of Directors’ report on the company’s operations and financial position, in addition to the external auditors’ report and the regulatory violations and penalties report for the fiscal year ended December 31, 2024—specifically addressing a violation of Article 206, which the company aims to avoid in the future. The meeting will also include the approval of these reports and the discussion and ratification of the company’s audited financial statements for the same period.
Other agenda items include:
- Reviewing related party transactions carried out during 2024.
- Hearing the report on the remuneration and benefits of Board members for 2024.
- Approving the allocation of 10% of net profit (totaling KD 815) to the legal reserve.
- Approving the allocation of another 10% (KD 815) to the voluntary reserve to strengthen the company’s equity and liquidity position.
The shareholders will also vote on discharging Board members from liability for their administrative, financial, and legal actions during the fiscal year ended December 31, 2024. The appointment or reappointment of the external auditor for the fiscal year ending December 31, 2025 will be discussed, along with authorizing the Board to determine their fees.