Boursa Kuwait’s AGM approves cash dividend of over KD 17 million for 2022

Boursa Kuwait’s AGM approves cash dividend of over KD 17 million for 2022

KUWAIT: Boursa Kuwait Securities Company (KPSC) held its Annual General Assembly meeting for the year ended 31 December 2022 on March 23, 2023 at the Boursa Kuwait building. The board of directors’ recommendation to distribute cash dividends of 85 fils per share was approved, amounting to KD 17,065,939 (Seventeen million, sixty-five thousand, nine hundred and thirty-nine Kuwaiti dinars). Shareholders registered by the end of the record date of April 9, 2023 will receive their share dividends by the end of April 12, 2023, the company’s scheduled payment date.

The board of directors’ report, the independent auditor’s report and the consolidated financial statements for the fiscal year ended on 31 December 2022 were all approved, as were the corporate governance and audit committee reports and the remunerations and benefits report for BOD members.

The meeting was chaired by Chairman Hamad Mishari Al-Humaidhi, who welcomed the esteemed shareholders then read the reports issued by the Kuwait Clearing Company regarding the quorum of attendance, which came in at 68.92 percent as well as the items on the agenda.

Shareholders agreed to grant the board of directors’ authorization to buy or sell the company’s shares, provided they do not exceed 10 percent, in accordance with the provisions