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Invitation To Attend The Ordinary General Assembly Meeting for Year 2014

The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 2/4/2015 at Salhia Hall – First Floor – J. W. Marriott Kuwait Hotel.

To look into the following work agenda:

1- To hear the report of the Board of Directors for the fiscal year ended on 31st December 2014, and endorse it.

2- To hear the report of the Auditors for the fiscal year ended on 31st December 2014, and endorse it.

3- To discuss the financial statements for the fiscal year ended on 31st December 2014, and endorse them.

4- To report to the General Assembly of the Company’s shareholders the penalties and violations that were imposed on the Company by the regulatory authorities for the fiscal year ended on 31st December 2014.

5- To approve the Board of Directors’ recommendation to distribute cash dividends at the rate of 5% (5 Fils per share) for the shareholders recorded in the Company’s registers on the date of holding the General Assembly.

6- To approve the Board of Directors’ recommendation to pay the remuneration of the Board’s members amounting to KD. 70,000/- for the fiscal year ended on 31st December 2014.

7- To authorize the Board of Directors to buy or sell the company’s shares provided that it does not to exceed 10% of its total shares in accordance with the text of Article (175) of Law No. (25) of year 2012 and the directives of Capital Markets Authority with respect to regulating the purchase of the shareholding companies to their shares (treasury shares) and the means of using and disposing of such shares No. (Ha’.Alef. Meem./Qaf. Ta’. Alef./Ta’. Sheen/6/2014).

8- To approve the Company\'s dealings with the related parties which were concluded during the fiscal year ended on 31st December 2014, and also the dealings that will be concluded.

9- To release and acquit the Board’s members with respect to their financial and legal actions for the fiscal year ended on 31st December 2014.

10- To elect the members of the new Board of Directors for the coming three years.

11- To appoint or reappoint the Company’s Auditors for the fiscal year to be ended on 31st December 2015, and authorize the Board of Directors to determine their fees.

As such, the shareholders desiring to receive the attendance invitation card or the proxy are kindly requested to refer to Kuwait Clearing Company – Ahmad Tower Building – Arabian Gulf Street near Amiri Hospital – Fifth Floor, during the official working hours.

For inquiry kindly contact telephone Nos.: 22464585 - 22464565


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