Click National for Industry, General Trading & Contracting amended Article 46 of its articles of association during its Extraordinary General Assembly held on June 25, 2025.
The revised article outlines the new profit distribution mechanism as follows:
- 10% of net profits are to be allocated to the statutory reserve. This may be suspended if the reserve exceeds 50% of the company’s capital.
- 1% to be allocated to the Kuwait Foundation for the Advancement of Sciences (KFAS).
- A percentage for optional reserves proposed by the Board and approved by the General Assembly. This may also be suspended by the Assembly.
- A portion of profits to be allocated, upon Board recommendation and Assembly approval, to meet obligations under labor laws—these funds may not be distributed to shareholders.
- An initial dividend portion for shareholders, determined by the Board and approved by the General Assembly.
- A Board of Directors bonus, not exceeding 10% of remaining profits, as decided by the Assembly.
- The remaining profits may be distributed as additional dividends, carried forward, or allocated to general or extraordinary reserves, subject to Board recommendation and Assembly approval.