Boursa Kuwait’s Annual General Meeting approves cash dividend of over KD 14.8 million for 2023

The meeting was chaired by the Chairman of the Board of Directors, Mr. Hamad Mishari Al-Humaidhi, who welcomed the honorable shareholders and then read the reports issued by the Kuwait Clearing Company regarding the attendance quorum, which reached 70.25%, in addition to the items related to attendance. agenda.

The Board of Directors’ report, the independent auditor’s report, and the consolidated financial statements for the fiscal year ending on December 31, 2023, were approved, as were the Governance and Audit Committee reports and the remuneration and benefits report for members of the Board of Directors.

The shareholders agreed to grant the Board of Directors permission to buy or sell the company’s shares not exceeding 10%, in accordance with the provisions of Law No. 7 of 2010 and its executive regulations and amendments. The shareholders also discussed and approved the related party transactions report for the year 2023 and the related party transactions proposed to be conducted during the next fiscal year 2024. Finally, the appointment of Mr. Walid Abdullah Saud Al-Osaimi from Ernst & Young (Al-Aiban, Al-Osaimi & Co.) as auditor for the fiscal year ending in December 31, 2024.

Chairman of the Board of Directors of Boursa Kuwait, Mr. Hamad Mishari Al-Humaidhi, commented on the results, saying: “Boursa Kuwait recorded a net profit of 15.80 million Kuwaiti dinars, which is an indication of the company’s strong and effective operating model and its ability to successfully pass a turbulent year characterized by economic uncertainty and geopolitical tensions. The Stock Exchange continued its cooperation with its partners to achieve its strategic goals of developing a strong and efficient financial market that adopts the best standards and practices to achieve a high level of liquidity and transparency.

Al-Humaidhi added: “The Kuwait Stock Exchange has strengthened its role as a major contributor to the diversification of the Kuwaiti economy and a major axis in the state’s plans to transform the country into a leading cultural, financial and investment country in the region. The company has been able to implement its community and environmental initiatives, in line with the Corporate Sustainability (CS) pillars and the United Nations Sustainable Development Goals (SDGs), leveraging its extensive network and resources to support various stakeholders throughout the past year while maintaining its illustrious record of accolades and accolades in the field of sustainability.

  • For more: DC & Pwpole website and for social networking, you can follow us on Facebook
  • Source of information and images “arabtimesonline”

Related Articles

Back to top button

Discover more from DC & People

Subscribe now to keep reading and get access to the full archive.

Continue reading