Mubasher: Boursa Kuwait Securities Company’s ordinary general meeting (OGM) will consider the financial statements of the fiscal year ended in March on Sunday, 21 April.

The OGM will discuss electing a new board of directors for the next three years after privatising a 44% stake in the company.

Badr Nasser Al Kharafi led nominations for the board’s chairman, while the nominees to the board members include Hamad Meshary Al Humaidhi, Talal Jassim Al Bahar, and Khaled Al Falah.

The Capital Markets Authority (CMA) will appoint two independent members from the old board; namely, Hussam Al Bassam and Sulaiman Al Rabie.

Boursa Kuwait Securities also noted that the allocation of 44% stakes in the firm, 12.115 million stocks for each entity, implemented by National Investments Company-led consortium has been finished.