The Board of Directors of the Kuwait Motoring Company (KMC) has invited its shareholders to attend the Ordinary General Assembly Meeting for the fiscal year ended December 31, 2023, scheduled to be held on Sunday, October 13, 2024, at the company’s headquarters.
The meeting agenda includes the following items:
- Hearing the Board of Directors’ report on the company’s activities and financial position.
- Hearing the Auditor’s report.
- Reviewing and approving the financial statements.
- Reviewing the report on penalties and violations issued by regulatory authorities.
- The agenda also includes:
- Discussing the Board’s recommendation not to distribute dividends for the financial year.
- Approving a total remuneration of KWD 5,000 for Board members.
- Reviewing and approving the related-party transactions report and authorizing the company to engage in related-party transactions during the fiscal year ending December 31, 2024.
- Discharging Board members of all legal, financial, and administrative liabilities for their actions.
- Appointing or reappointing the external auditor for the fiscal year ending December 31, 2024, and authorizing the Board to determine the auditor’s fees.
- The Board noted that if the legal quorum is not met, a second meeting will be held on Monday, October 21, 2025, at 11:00 a.m. at the same location without the need for a new invitation.