Shamal Az Zour Al Oula Power and Water KSC Public : Annual general meeting outcome

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SHAMAL AUOUR	SHAMAL AZ-ZOURAL-OULA POWER AND WATER COMPANY K.S.C. (PUBLIC}
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Date: 30 March 2023	j	2023 I..Y'.JL,, 30	:t:J.Jl:ill

To: Boursa Kuwait

Subject: Annual General Meeting Outcome

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Bylaws of the Capital Markets Authority's law

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The Annual General Meeting of ShamaI Az-Zour

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AI-Oula Power and Water Company was held on

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Thursday 30 March 2023 at 12:00 pm. All

agenda items were approved.

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The minutes of meeting and the quorum report

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Attached:

Outcome of the AGM

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Corporate Action Disclosure Form

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corporate action dates

on the corporate action disclosure form will

change based on the official Eid AI-Fitr Holiday

and this will be disclosed beforehand.

Financial Impact: No Financial Impact

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Mirqab - Khalid lbn AIWaleed St. Mazaya Tower 2, 6th Floor, Kuwait.

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P.O. Box 880, Hawalli, Kuwait 32009

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Tel: [phone], Fax: [phone]

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Commercial Register No.: 349479

.!l., 110,000,000 :t,-9.i li JWI LI"� .!l.,

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Issued Capital: KDll0,000,000 Paid-up Capital: KDll0,000,000.

Page 1 of 1

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ةماع - ك.م.ش ها ملاو ةقاطلل وﻷا روزلا لامش ةك

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

Outcome	جئاتن
Ninth Annual General Meeting of	ةعساتلا ةيونسلا ةماعلا ةيعمجلا
Shamal Az-ZourAl-Oula Power and Water	ةماع - ك.م.ش هايملاو ةقاطلل ىلوﻷا روزلا لامش ةكرش
Company K.S.C. (Public)	2022 ربمسيد 31 يف ةيهتنملا ةيلاملا ةنسلل
For the Financial Year Ended 31 December
2022
1 Approved and ratified the Directors' Report	ةكرشلا طاشن نع ةرادﻹا سلجم ريرقت ىلع ةقفاوملا تمت	1
in relation to the Company's activities,	ةيهتنملا ةيلاملا ةنسلا نع اهلامعا جئاتن و يلاملا اهزكرمو
financial position, and outcomes of work	.هيلع ةقداصملاو 2022 ربمسيد 31 يف
thereof during the financial year ended on 31
December 2022.
2 Approved and ratified the Corporate	ةنجل ريرقت و ةمكوحلا ريرقت نم لك ىلع ةقفاوملا تمت	2
Governance Report and Audit Committee's	2022 ربمسيد 31 يف ةيهتنملا ةيلاملا ةنسلا نع قيقدتلا
Report in relation to the financial year ended	.هيلع ةقداصملاو
on 31 December 2022.
3 Approved and ratified the External Auditor's	نع يجراخلا تاباسحلا بقارم ريرقت ىلع ةقفاوملا تمت	3
Report on the results of the Company's	يف ةيهتنملا ةيلاملا ةنسلا نع ةكرشلل ةيلاملا تانايبلا جئاتن
financial statements and approval of the net	.هيلع ةقداصملاو 2022 ربمسيد 31
profit in relation to the financial year ended
on 31 December 2022.
4 Approved the Financial Statements and	حابرﻻا تاباسحو ةيلاملا تانايبلا ىلع ةقفاوملا تمت	4
Profit and Loss Account of the Company for	ربمسيد 31 يف ةيهتنملا ةيلاملا ةنسلا نع ةكرشلل رئاسخلاو
the financial year ended on 31 December	.2022
2022.

• Approved the breaches report that states the breaches monitored by the Regulatory Body/Bodies and any penalties issued due to such breaches that led to (financial/non- financial) penalties against the Company (if any) and discussing any notes of the representative of such Regulatory Body if such representative attends in relation to the financial year ended on 31 December 2022.

راطخا نمضتي يذلا تافلاخملا ريرقت ىلع ةقفاوملا تمت 5 دعاوق باتك نم (16-1) ةدام ةفلاخم عوقو نأشب دحاو دجوي ﻻو لاملا قاوسأ ةئيهل ةيذيفنتلا ةحئﻼلا نم جاردﻹا

.ةفلاخملا كلت عوقو نع تامارغ يا

Kuwait City - Mirqab - Khalid Ibn Al Waleed St.	د لولا نب دلاخ عراش - باقرملا - ت لا
Mazaya Tower 2, 6th Floor, Kuwait.	.ت لا ةلود - 6 رود - 2 ا ازم ج ب
P.O. Box 880, Hawalli, Kuwait 32009	ت لا ةلود ،32009 وح ،880 :ب.ص
Tel: [phone], Fax: [phone]	[phone] :س اف [phone] :نوف لت
Commercial Register No.: 349479	349479 :مقر يراجت لجس
Issued Capital: KD110,000,000.	ك.د 110,000,000 :ردصملا لاملا سأر
Paid-up Capital: KD110,000,000.	ك.د 110,000,000 :ع فدملا لاملا سأر

Page 1 of 3

ةماع - ك.م.ش ها ملاو ةقاطلل وﻷا روزلا لامش ةك

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

6 Approved the Board of Directors

ةبسن عاطقتسإب ةرادﻹا سلجم حارتقا ىلع ةقفاوملا تمت

6

recommendation

of

a

10%

transfer,

1،516،745 هردقو غلبم لداعي ام يا %10 اهردقو ةيوئم

ً

equivalent to KWD 1,516,745 (one million

ةسمخو ةئامعبسو افلأ رشع ةتسو ةئامسمخو نويلم) ك.د

ةيلاملا

ةنسلا حابرا

يفاص نم

(يتيوك

رانيد نوعبرأو

five hundred sixteen thousand seven hundred

يطايتحﻻا باسح

ىلا

2022

ربمسيد

31

ةيهتنملا

forty-five

Kuwaiti

Dinars),

from

the

net

profit to the statutory reserve in relation to

.ينوناقلا

the financial year ended on 31 December

2022.

7 Approved the Board of Directors

حابرا عيزوتب ةرادﻹا سلجم ةيصوت ىلع ةقفاوملا تمت

7

recommendation for the distribution of cash

ك.د 4،400،000 يلامجإب مهسلل سلف 4 عقاوب ةيدقن

dividends of 4 fils per share, in total KWD

نيمهاسملل (يتيوك رانيد فلأ ةئامعبرا و نييﻼم ةعبرا)

قاقحتسﻻا موي ةياهن يف ةكرشلا تﻼجس يف نيديـقملا

4,400,000

(four

million

four

hundred

thousand

Kuwaiti

Dinars)

to

the

ةماعلا ةيعمجلا داقعنا خيرات نم لمع موي

15 هل ددحملا

نم لمع مايا 3 دعب حابرﻻا عيزوت متي نا ىلع و ،ةيونسلا

shareholders registered on the Record Date

لودجلا ليدعتب ةرادﻹا سلجم ضيوفت و ،قاقحتسﻻا خيرات

which is 15 working days from the date of

.رمﻻا مزل اذا ينمزلا

this

Annual

General

Meeting.

The

2023 ليربا 17 :مهسلا ةزايح خيرات

distribution of these dividends will begin 3

2023 ليربا 18 :قاقحتسﻻا نود مهسلا لوادت خيرات

working days after the record date and

authorizing the Board of Directors to amend

2023 ليربا 20 :قاقحتسﻻا خيرات

this timeline if necessary.

2023 ليربا 25 :عيزوتلا خيرات

Cum Date: 17 April 2023

EX Date: 18 April 2023

Record Date: 20 April 2023

Payment Date: 25 April 2023

8 Approved

the

remuneration

payment

of

سلجم ءاضعا ىلا ةأفاكم فرص ىلع

ةقفاوملا تمت

8

KWD 38,000 (thirty-eight thousand Kuwait

2022 ربمسيد 31

يف ةيهتنملا ةيلاملا ةنسلا نع ةرادﻹا

Dinars) to the Board of Directors with

.(يتيوك رانيد فلا نوثﻼثو ةينامث) ك.د 38،000 رادقمب

respect to the financial year ended on 31

December 2022.

9 Approved the authorization of the Board of

عيزوت ءارجإب ةاردﻹا سلجم ضيوفت ىلع ةقفاوملا تمت

9

Directors

to distribute dividends

to

the

يونس فصن وا عبر لكشب ةكرشلا يمهاسم ىلع حابرا

ً

Company's shareholders on a quarterly or

31 يف ةيهتنملا ةيلاملا ةنسلا لﻼخ ابسانم هاري ام بسح

حابرا

نم عيزوتلا

اذه

نوكي نا

ىلع ،2023

ربمسيد

semi-annual basis as it deems appropriate

ً

during

the financial

year

ending

on

31

نودو

اهيلع فراعتملا

ةيبساحملا

ئدابملل اقفو

ةيقيقح

December 2023, provided that this

.ةكرشلل عوفدملا لاملا سأرب ساسملا

distribution is from real profits in accordance

with general accepted accounting principles

Kuwait City - Mirqab - Khalid Ibn Al Waleed St.

د لولا نب دلاخ عراش - باقرملا - ت لا

Mazaya Tower 2, 6th Floor, Kuwait.

.ت

لا ةلود - 6 رود - 2 ا ازم ج ب

P.O. Box 880, Hawalli, Kuwait 32009

ت

لا ةلود ،32009 وح ،880 :ب.ص

Tel: [phone], Fax: [phone]

[phone] :س اف [phone] :نوف لت

Commercial Register No.: 349479

349479 :مقر يراجت لجس

Issued Capital: KD110,000,000.

ك.د 110,000,000 :ردصملا لاملا سأر

Paid-up Capital: KD110,000,000.

ك.د 110,000,000 :ع فدملا لاملا سأر

Page 2 of 3

ةماع - ك.م.ش ها ملاو ةقاطلل وﻷا روزلا لامش ةك

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

without affecting the paid-up capital of the Company.

1. Approved the Related Parties' Transactions concluded during the financial year ended on 31 December 2022 and approving the delegation to the Board of Directors to enter Related Parties' transactions during the financial year ending 31 December 2023 and up to the date of the Annual General Meeting of the Company to discuss the ordinary agenda for the financial year ending on 31 December 2023.
2. Approved discharging the members of the Board of Directors and absolve them from any legal, financial, and administrative liabilities in relation to the financial year ended on 31 December 2022.
3. Approved the Appointment of Dr. Rasheed Al Qenae - KPMG Al Qenae & Partners as external auditor for the financial year ending on 31 December 2023 who is included in the authorized audit list of the Capital Markets Authority taking into consideration the maximum mandatory period to change Auditors and authorizing the Board of Directors to determine his fees.
4. Electing one director (1) supplemental to the current Board of Directors:
   The elected Director: AZN Ducth Holdco 2 B.V

ةلصلا تاذ فارطﻻا عم تﻼماعتلا ىلع ةقفاوملا تمت 10 ،2022 ربمسيد 31 يف ةيهتنملا ةيلاملا ةنسلا لﻼخ عم لماعتلا يف ةرادﻹا سلجم ضيوفت ىلع ةقفاوملاو

31 يف يهتنت يتلا ةيلاملا ةنسلا لﻼخ ةلصلا تاذ فارطﻻا ةيونسلا ةماعلا ةيعمجلا داقعنا خيرات ىتحو 2023 ربمسيد نع يداعلا لامعﻻا لودج يف رظنلل ةكرشلا يمهاسمل

.2023 ربمسيد 31 يف يهتنت يتلا ةيلاملا ةنسلا

،ةرادﻹا سلجم ءاضعا فرط ءﻼخا ىلع ةقفاوملا تمت 11 ةيلاملاو ةينوناقلا مهتافرصت عيمجب قلعتي اميف مهتمذ ءارباو

.2022 ربمسيد 31 يف ةيهتنملا ةيلاملا ةنسلا نع ةيرادﻻاو

1

• يعانقلا دمحم ديشر /روتكدلا نييعت ىلع ةقفاوملا تمت 12 تاباسح بقارم نوكيل هاكرشو يعانقلا يج ما يب يك ربمسيد 31 يف يهتنت فوس يتلا ةيلاملا ةنسلا نع ةكرشلل تاباسح يبقارمل ةدمتعملا ةمئاقلا نمض نم كلذو 2023 يبقارمل يمازلﻹا ديقتلا ةدم ةاعارم عم لاملا قاوسأ ةئيه
  .اهباعتا ديدحتب ةرادﻹا سلجم ضيوفتو تاباسحلا

ةكرشلا ةرادإ سلجمل لمكم (1) دحاو وضع باختنا مت 13 :يلاتلاك يلاحلا

(م.م.ذ.خ.ش) (2) مقر وكدلوه شتد نا دز هيا ةكرش

Kuwait City - Mirqab - Khalid Ibn Al Waleed St.	د لولا نب دلاخ عراش - باقرملا - ت لا
Mazaya Tower 2, 6th Floor, Kuwait.	.ت لا ةلود - 6 رود - 2 ا ازم ج ب
P.O. Box 880, Hawalli, Kuwait 32009	ت لا ةلود ،32009 وح ،880 :ب.ص
Tel: [phone], Fax: [phone]	[phone] :س اف [phone] :نوف لت
Commercial Register No.: 349479	349479 :مقر يراجت لجس
Issued Capital: KD110,000,000.	ك.د 110,000,000 :ردصملا لاملا سأر
Paid-up Capital: KD110,000,000.	ك.د 110,000,000 :ع فدملا لاملا سأر

Page 3 of 3