Boursa Kuwait’s E-Annual General Assembly approves cash dividend of over KD 13m for 2021

Boursa Kuwait’s E-Annual General Assembly approves cash dividend of over KD 13m for 2021

KUWAIT: Boursa Kuwait Securities Company (KPSC) held its E-Annual General Assembly (AGM) meeting for the year ended Dec 31, 2021 on Thursday, March 24, 2022, which saw the Board of Directors’ recommendation to distribute cash dividends of 65 fils per share approved, with a total value of KD 13,050,424. The cash dividends will be distributed to the company’s registered shareholders by the end of day of the record date, which is scheduled to be 6 April 2022, and distributed among the shareholders by 10 April 2022, which is the scheduled payment date, as approved during a Board of Directors meeting following the AGM.

The Board of Directors’ report, the Auditor’s report and the consolidated audited financial statements for the fiscal year ended on December 31, 2021, were all approved, as were the Corporate Governance and Audit Committee reports and the Nominations and Remunerations Report for Board members and Executive Management. The AGM was chaired by Vice Chairman Bader Abdullah Al-Kandari, who read the reports issued by the Kuwait Clearing Company’s electronic system regarding the quorum of attendance, the results of participation and voting included in the agenda, as well as a report of the shareholders’ notes.

Shareholders also agreed to grant the Board of