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IJ•vAL-DULA

SHAMALAZZOUR

SHAMAL AZ-ZOURAL-OULA POWER AND WATER COMPANY K.S.C. (PUBLIC)

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Date: 15 March 2022

To: Boursa Kuwait

Subject: Invitation to the Annual Ordinary General Assembly Meeting of the year 2021

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Pursuant to chapter No. (4) of module (10) the

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"Disclosure and Transparency" of the executive

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Bylaws of the Capital Markets Authority's law

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No.7/2010 and its amendments, kindly be

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informed:

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Shamal Az-ZourAI-Oula Power and Water

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Company's Board of Directors is pleased to

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invite shareholders to its Annual Ordin·ary

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General Assembly meeting which will be held on

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31 March 2022 at 9 AM. Attendance and voting

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, will be through the electronic system of the

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Kuwait Clearing Company for holding electronic

general assemblies. Note that all shareholders

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inquiries regarding matters within the agenda

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will need to be sent through the electronic

system of the Kuwait Clearing Company.

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(www.maqasa.com)

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Shareholders are kindly requested to visit the

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website

of the Kuwait

Clearing

Company

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(www.magasa.com}

for the registration

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procedure. Note that

voting will be available 5

working days before the meeting until 8 AM on :

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the day of the meeting

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Attached:

Agenda of the meeting

Ministry approval

Financial Impact: No Financial Impact

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: Mr. Andrew Paul Frain

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: Board Director and CEO

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Shamal Az-ZourAI-Oula Power and Water

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Compan'i K.S.C. (Publi0

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________�_____________·r•cr_ - _ J______J_ .)J__ ___:

________

Kuwait City- Mirqab -Khalid lbn AIWaleed St.

Mazaya Tower 2, 6th Floor, Kuwait. P.O. Box 880, Hawalli, Kuwait 32009

Tel: +965 22085653, Fax: +965 22085654

Commercial Register No.: 349479

lssued Capital: KDll0,000,000. Paid-up Capital: 110,000,000.

Page

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+965 22085654 :wSl..9 +965 22085653 :.:.,µ.

349479 :f9J t$J� J-

.!l.� 110,000,000 :r,9..l.o.ll JWI ..,.,G .!l.� 110,000,000 :J...l...,a.JI JWI ..,.,G 1 of 1

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SHAMAL AZ-ZOURAL-OULA POWER AND WATER COMPANY K.S.C. (PUBLIC)

to the financial year ended on 31 December 2021.

6.

Discussing the Board of

Directors

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recommendation of a 10% transfer,

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equivalent to KWD 1,421,539

(Kuwaiti

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Dinars), from the net profit to the

if'l,u.>�I yl......> Jl 2021 �.) 31 �I

statutory reserve in relation to the

financial year ended on 31 December

2021.

7.

8.

9.

Discussing the Board of Directors

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recommendation for the distribution of

J�.) 5,500,000 J4� � L..lii 5 t9IY.

cash dividends of 5 fils per share, in total

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KWD 5,500,000 (Five Million and Five

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Hundred Thousand Kuwaiti Dinars) to

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the shareholders registered on the

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c'jy f'"'-:! 01 � _, ,4:�1 a.,,wI �I

Record Date which is 17 working days

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from the date of this Annual General

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Meeting. The distribution of these

dividends will begin 3 working days after

the record date and authorizing the

Board of Directors to amend this

timeline if necessary.

Discussing

and

approving

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remuneration payment of KWD 34,750

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(thirty-four thousand and seven

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34,750 JIJ.A.o.,>

2021�.)

hundred and fifty Kuwait Dinars only) to

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the Board of Directors with respect to

the financial year ended on 31

December 2021.

Approval of authorizing the Board of

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Directors to distribute dividends to the

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Company's shareholders on a quarterly

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or semi-annual basis as it deems

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appropriate during the financial year

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ending on 31 December 2022, provided

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that this distribution is from real profits

in accordance

with

general accepted

Kuwait City-Mirqab-Khalid lbn Al Waleed St.

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Mazaya Tower 2, 6th Floor, Kuwait.

-<.:-:�I .l.l_p - 6JJ.)-2 �!}.o Di

P.O. Box 880, Hawalli, Kuwait 32009

<.:-:�I .l.JJ.) ,32009 Jp ,880 :y.<>

Tel: +965 22085653, Fax: +965 22085654

+965 22085654 :.r5l9 +965 22085653 :0_,.;,.J.;

Commercial Register No.: 349479

349479 :""9J (?J� �

Issued Capital: KDll0,000,000.

.!b 110,000,000 :1..l..,a..o.JI JWI u-"L

Paid-up Capital: KDll0,000,000.

.!.l..l 110,000,000 :c,3..1..o.ll JWI u-"L

Page 2 of 3

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ﻙ.ﻡ.ﺵ ﻩﺎﻴﻤﻟﺍ ﻭ ﻪﻗﺎﻄﻠﻟ ﻰﻟﻭﻻﺍ ﺭﻭﺰﻟﺍ ﻝﺎﻤﺷ ﻪﻛﺮﺷ / ﺓﺩﺎﺴﻟﺍ

ﺪﻌﺑ ﻭ ﺔﺒﻴﻃ ﺔﻴﺤﺗ

ﺪﻋﻮﻤﻟﺎﺑ ﺔﻃﺎﺣﻻﺍ ﺖﻤﺗ ﺪﻗ ﻪﻧﺄﺑ ﺎﻤﻠﻋ ﻢﻛﺪﻴﻔﻧ ، ﻡﺪﻘﻤﻟﺍ ﺔﻳﺩﺎﻋ ﺔﻴﻣﻮﻤﻋ ﺔﻴﻌﻤﺟ ﺭﺎﻄﺧﺇ ﻰﻟﺇ ﺓﺭﺎﺷﻹﺎﺑ 2022/03/31 / ﻲﻓ

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1 : ﺔﺤﻔﺼﻟﺍ ﻢﻗﺭ

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Shamal Az-Zour Al-Oula Power and Water Company KACP published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 08:39:12 UTC.