Ordinary General Assembly for the Fiscal Year Ended March 31, 2021
On August 18, 2021, the Ordinary General Assembly of the shareholders of Real Estate Facilities Investment Company was held to discuss the agenda for the fiscal year ended March 31, 2021. The Ordinary General Assembly reviewed the items on the agenda, which included the following key points:
Approval of the Board of Directors’ report for the fiscal year ended March 31, 2021.
Approval of the auditors’ report for the fiscal year ended March 31, 2021.
Review of violations and penalties from regulatory bodies, with no violations reported.
Clearance of the Board of Directors and absolution from any legal, financial, and administrative responsibilities related to their actions for the fiscal year ended March 31, 2021.
Election of the Board of Directors for the Fifth Term 2021 – 2025.
Additionally, the Board of Directors was pleased to announce the approval of their recommendation to distribute dividends amounting to 5% of the share value, totaling 1,250,000 Kuwaiti Dinars for the fiscal year ended March 31, 2023.