Zain Group holds Annual General Assembly with a quorum of 75.14%

Zain Group holds Annual General Assembly with a quorum of 75.14%

KUWAIT: Zain Group Annual General Meeting (AGM) was held yesterday at Zain Group’s headquarters in Kuwait, that was livestreamed for shareholders and qualified parties and attended with a shareholder quorum of 75.14 percent. The AGM approved the recommended cash dividend of 23 percent (23 fils per share) for the second half of 2021, payable to the shareholders already registered in the company’s record as of 6 April 2022. The cash dividends will be paid to eligible shareholders commencing 13 April 2022.

This cash dividend of 23 fils per share follows the semi-annual dividend of 10 fils distributed in the second half of 2021, thus totaling 33 fils per share dividend for the year. This third consecutive payment of 33 fils per share on an annual basis completes the company’s three-year minimum commitment that started in 2019. Zain Group Chairman, Ahmed Al-Tahous said: The Board of Directors welcomes all shareholders and affiliated parties to the annual General Assembly, and we are pleased to present the Zain Group annual report, available only in digital format.

2021 was a successful year in terms of driving shareholder value given the board and management’s focus on operational efficiency, significant investment in network upgrades, while managing the negative