Meeting Date/Time

Wednesday, May 31, 2023 - 10:00 AM

Type of Meeting

General Assembly

Net Profit/Loss

-108542 KWD

Cash Dividend

Bonus Share

New Issuance

Shares Split

Capital Deduction

Announcements/Resolutions

1. Approved the Board of Directors Report for the fiscalyear ending on December 31, 2022.

2. Approved the External Auditor Report for the fiscal yearending on December 31, 2022.

3. Approved the Sharia Supervisory Board Report for thefiscal year ending on December 31, 2022.

4. Approved the Corporate Governance Report and the AuditCommittee Report for the fiscal year ending on December 31, 2022.

5. Approved the financial statements for the fiscal yearending on December 31, 2022.

6. Heard the Penalties and Violations Report issued by thesupervisory authorities (if any) for the fiscal year ending on December 31,2022.

1. Decision of the Disciplinary Board No. (2022/08Disciplinary Board) (154 - 2021/171 CMA) on the violation of clause (1) ofArticle (3-5-1) and the provision of Clause (9) of Article (4-1- 1) Theprovision of Clause (14) of Article (4-1-1), the provision of Clauses (26) and(27) of Article (4-1-1), and Clause (9) of Appendix No. (10) of Book Ten(Disclosure and Transparency) and the provision of Article (1-13) of BookTwelve (Listing Rules) and the provision of Item (2) of Article (5-7) and theprovision of Item (1) of Article (5-8) of Book Fifteen (Corporate Governance)of the Executive Regulations of Law No. 7 of 2010 and their amendments.

2. Disciplinary Board Decision No. (92/2022 DisciplinaryBoard) (87/2022 CMA) for violating the provision of Clause No. (1) of Article(1-15-1) of Book Twelve (Listing Rules) of the Executive Regulations of Law No.7 for the year 2010 and their amendments.

3. Disciplinary Board Decision No. (72/2022 DisciplinaryBoard) (60/2022 CMA) for violating the provision of Clause No. (2) of Article(1-15-1) of Book Twelve (Listing Rules) of the Executive Regulations of Law No.7 for the year 2010.

4. Disciplinary Board Decision No. (20/2022 DisciplinaryBoard) (197/2021 CMA) for violating the provisions of Clause (17) of Article(4-1-1) of Book Ten (Disclosure and Transparency) of the Executive Regulationsof Law No. 7 of 2010 and their modifications.

The chairman of the session stated that the company hasappealed these decisions before the judiciary, and the necessary measures arebeing taken to avoid any violation that may be proven correct in the future.

7. Approved the transactions that took place with relatedparties for the fiscal year ending on December 31, 2022, and authorizing theconduct of transactions that will take place with related parties until theGeneral Assembly for the fiscal year ending on 12/31/2023.

8. Approved the Board's recommendation not to distributedividends for the fiscal year ending on December 31, 2022.

9. Approved the Board’s recommendation not to payremuneration to members of the Board of Directors for the fiscal year ending onDecember 31, 2022

10. Approved the disclaimer of the members of the Board ofDirectors and their discharge of all matters related to their administrative,financial and legal actions for the fiscal year ending on December 31, 2022.

11. Approved re-appointing an auditor from the approved list of auditors at theCapital Markets Authority, taking into account the mandatory change period forthe auditor, for the fiscal year ending on December 31, al-Waha Auditing OfficeAli Owaid Rukhaeyes.

12. Approved re-appointing members of the Sharia SupervisoryBoard for the fiscal year ending 31 December 2023 Raqaba Global for Shari'aConsultations Ltd : Shari'a Audit & Islamic Financial Consultations:

Dr. Abdulbari meshaal – Sheikh / Mohammad bayanoni – Sheikh/Nezar Abdulnari.

13. Apprved the resignation of the Board of Directors

14. Elected a new board of directors for the next 3 years :

1.    Nibras Al BandarFor General Trading.

2.    Prioritysecurity and services for general trading and construction  (Al Sari International For General Tradingand construction Previously).

3.    Prioritysecurity and services Holding (Bait Al Aamal Holding Previously).

4.    SM for buy andsell bonds.

5.    Mrs. JamilaMhamad Mahmoud Al Ali.        (IndependentMember)

Also Elected as Alternate Members :

1.    Taibah Al KhairGroup Holding Co.

2.    Stone Energy Co.

3.    Qemam Al HudaFor General Trading.

4.    Al LotusInternational for General Trading.

5.    Mr. KhaledMohamad Darwesh. (Independent Member)

Last Entitlement Date

Ex-Dividend Date

Registry Closing (Settlement) Date

Meeting Venue

Kuwait