Events

Global to hold its Ordinary General Meeting for the financial year ended 31 December 2018

Date and Time: 
15 April 2019 - 10:00 AM
Location: 
Global Tower - Kuwait

Global Investment House will hold its Ordinary General Meeting for the financial year ended 31 December 2018 to discuss the following agenda items:

 

First: Listening to the report of the Board of Directors for the financial year ended 31 December 2018 and ratifying the same.

 

Second: Listening to the report of the Company’s External auditors for the financial year ended 31 December 2018 and ratifying the same.

 

Third: Listening to the corporate governance and the Audit committee reports for the financial year ended 31 December 2018

 

Fourth: Ratifying the balance sheet and income statements for the financial year ended 31 December 2018

 

Fifth: Approving the Board of Directors recommendation not to distribute dividends for the financial year ended 31 December 2017.

 

Sixth: Listening to the report on the monetary and non-monetary penalties imposed by the Capital Markets Authority or any regulator for the financial year ended 31 December 2018.

 

Seventh: Approving Board of Directors to transact with related parties for the year ending 31 December 2019 and listening to the report of related party transactions conducted during the financial year ended 31 December 2018.

 

Eighth: Approving to pay the Company’s Board of Directors an aggregate remuneration of KWD 163,151 in addition to sitting and attendance fees for attendance of board meetings and meetings of the various sub-committees during the financial year ended 31 December 2018.

 

Ninth: Approving the deduction of 10% of net profit to be appropriated to the statutory reserve account amounting to KWD 481,000.

 

Tenth: Approving the deduction of 10% of net profit to be appropriated to the voluntary reserve account amounting to KWD 481,000.

 

Eleventh: Listening to the report pertaining to the remunerations and benefits offered to the board members and executive management for the financial year ended 31 December 2018.

 

Twelfth: Discharging the members of the Board from any liability pertaining to their legal and financial actions in the financial year ended 31 December 2018.

 

Thirteenth: Reappointing the Company’s external auditors (E&Y) for the financial year ending 31 December 2019 from CMA’s accredited list of external auditors taking into consideration the mandatory change of auditors’ term and authorizing the Board of Directors to determine the auditor’s remuneration for the services performed.