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1. Discuss, and ratify the board of directors’ report on company’s activities, financial position and the operations results for the fiscal year ending December 31, 2022.
2. Recite and ratify the corporate governance report and audit committee report for the fiscal year ending December 31, 2022.
3. Discuss and ratify the auditor’s report on the financial statements results for the fiscal year ending December 31, 2022.
4. Discuss and ratify the financial statements for the fiscal year ending December 31, 2022.
5. Discuss the set-off of all accumulated losses amounting to KD 9,095,362 as in the financial statements of the company for the financial year ending 12/31/2022, by reducing the share premium balance from KD 17,921,560. to KD 8,826,198.
6. Review any violations raised by the regulatory authority/s and any sanctions imposed as a result of those violations, which resulted in applying penalties (financial and non-financial) to the company (if any).
7. Approve the board of directors related parties’ transactions report for the fiscal year ending December 31, 2022, as well as the related parties’ transactions to be carried out for the fiscal year ending December 31, 2023.
8. Approve the recommendation of the Board of Directors not to distribute dividend for the fiscal year ending December 31, 2022.
9. Approve the recommendation of the Board of Directors not to pay board members remuneration for the fiscal year ending December 31, 2022.
10. Discuss the approval granted to the Chairman or any of the Members of the Board to have board membership in two competing companies or to participate in any business that competes with the company or to trade for their own accounts or others' accounts at any of the Company’s branches/offices for the year 2023 in accordance with Article no. 197 of the Companies Law no. 1 of 2016: as well as article 20 of the Statute of the company.
11. Discuss the approval granted to those who have a representative at the Board of Directors, the chairman, any of the board members or a member of the executive management or their spouses or relatives of the second degree to have direct or indirect interest in the contracts concluded with the company for the year 2023 in accordance with the provisions of Article 199 of the Companies Law No. 1 of 2016 and in accordance with the provisions of articles (4/7, 5/7, 6/7) of the Sixth Rule of chapter seven of book 15 of the executive bylaws of law No. 7 of 2010 in relation to establishment of the Capital Markets Authority and Organizing Securities Activities.
12. Discuss the approval granted to authorize the board to purchase or sell Company shares at no more than 10% of the total shares as per the articles of Law no. 7 of 2010, and its executive bylaws and amendments thereafter.
13. Discuss the clearance of the Board Members for all matters relating to their legal, financial and administrative actions for the Fiscal Year ending December 31, 2022.
14. Discuss the approval on a budget for the social responsibility activities within the financial statements for the fiscal year ending on 31/12/2023 with a total amount of KD 40,000 (Forty Thousand Kuwaiti Dinars).
15. Discuss the reappointment of the company’s Auditor for the fiscal year ending on 31/12/2023 and the authorization of the Board of Directors to determine their fees taking into consideration the mandatory auditor rotation period and that the auditor shall be registered in the register of the Capital Markets Authority.
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