Boursa Kuwait holds its AGM, approves cash dividend of over KD 8 mln for 2020 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Boursa Kuwait holds its AGM, approves cash dividend of over KD 8 mln for 2020 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Net profit rises by 191.9% to over KD 28 million, EPS 128.5 fils

KUWAIT CITY, April 1: Boursa Kuwait Securities Company (KPSC) held its EAnnual General Assembly (AGM) meeting for the year ended 31 December 2020 today, Thursday, April 1, 2021. During the meeting, which was held virtually as part of the company's commitment to ensuring the safety of its shareholders and in line with the preventive measures to curb the spread of COVID-19, the Board of Directors' recommendation to distribute 40 fils per share as cash dividends was approved, with a total value of about KD 8 million.

Boursa Kuwait executive officials during the E-Annual General Assembly (AGM) meeting for the year ended 31 December 2020 today, April 1, 2021.

The Board of Directors' report, the Auditor's report and the consolidated audited financial statements for the fiscal year ended on December 31, 2020 were all approved, as were the Corporate Governance and Audit Committee reports and the remunerations and benefits report for BOD members and Executive Management. The AGM was chaired by Chairman Hamad Meshari Al-Humaidhi, 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