Events

Global to hold its Extraordinary General Meeting on 18 September 2019

Date and Time: 
18 September 2019 - 11:00 AM
Location: 
Global Tower

Global Investment House will hold its Extraordinary General Meeting to discuss the following agenda items:

 

First: Approval of the recommendation of the Board of Directors to the extraordinary general assembly to approve reduction of the issued and paid up capital of Global Investment House K.S.C.C. amounting to KWD 49,516,898 distributed to 495,168,980 shares, using the entire treasury shares totaling 13,247,714 shares, resulting in the issued and paid up capital after the reduction to be KWD48,192,126.6 distributed on a total of 481,921,266 shares.

 

Second: Ratification of the proposed merger contract by way of amalgamation, signed on 04/07/2019 between KAMCO Investment Company, K.S.C.P. (“KAMCO”) and Global Investment House K.S.C.C. (“Global”), whereas KAMCO shall be the merging company and Global shall be the merged company, including all supplements of the proposed merger contract – in particular – the independent investment advisor report which specifies the share swap ratio of (0.75522821) and the evaluation report of the two merging companies’ assets which is issued by the independent asset evaluator.

 

Third: Approval of the recommendation of the Board of Directors for the merger by way of amalgamation between KAMCO Investment Company, K.S.P. C (“KAMCO”) and Global Investment House K.S.C.C. (“Global”), whereas KAMCO shall be the merging company and Global shall be the merged company in accordance with the terms and conditions included in the proposed merger contract, and in conformity with the provisions of Module Nine of the executive regulations of the Law No. 7 of 2010 concerning the establishment of Capital Markets Authority and regulation   of securities activities and their respective amendments, and the Kuwaiti Companies Law No. 1 of 2016, its executive regulations and their respective amendments.

 

To access the EGM resolution, click here