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

Read more from the original article on here at www.arabtimesonline.com.





Tags : #boursa #kuwaits #annual #general #meeting #approves #cash #dividend #over #kd #148 #million #2023


No. of Paragraph 18

Kuwait City, Mar 28: Boursa Kuwait Securities Company (KPSC) held its Annual General Assembly meeting for the year ended 31 December 2023 on Thursday, March 28,  2024, at the Boursa Kuwait building. The Board of Directors’ recommendation to distribute cash dividends of 74 fils per share was approved, amounting to KD 14,857,406 (Fourteen million, eight hundred and fifty-seven thousand, four hundred and six Kuwaiti Dinars). Shareholders registered by the end of the record date of 21 April 2024 will receive their share dividends by the end of 24 April 2024, the company’s scheduled payment date.

The meeting was chaired by Chairman Mr. Hamad Mishari Al-Humaidhi, who welcomed the esteemed shareholders and then read the reports issued by the Kuwait Clearing Company regarding the quorum of attendance, which came in at 70.25%, as well as the items on the agenda.

The Board of Directors’ report, the Independent Auditor’s report and the Consolidated Financial Statements for the fiscal year ended on 31 December 2023 were all approved, as were the Corporate Governance and Audit Committee reports and the remunerations and benefits report for BOD members.

Shareholders agreed to grant the Board of Directors authorization to buy or sell the company’s shares, provided they do not exceed 10%, per the provisions of Law No. 7 of 2010 and its executive regulations and amendments. Shareholders also discussed and approved the Related Parties’ Transaction Report for 2023 and the related parties’ transactions, which are proposed to be conducted during the upcoming 2024 financial year. Finally, the appointment of Mr. Waleed Abdulla Saud Al-Osaimi from Ernst & Young (Al-Aiban, Al-Osaimi & Partners) as the auditor for the fiscal year ending on 31 December 2024 was also approved.

Read more from the original article on here at www.arabtimesonline.com.


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