News & Announcements

The Board of Directors of Oula Wasata Financial Brokerage Company K.S.C.C. (“Oula Wasata”) is pleased to announce to the esteemed shareholders the date of the Ordinary General Assembly Meeting for the financial year ended December 31, 2025, which is scheduled to be held at 10:00 AM on Sunday, May 24, 2026.

Please note that the meeting will be conducted through the electronic General Assembly system to consider the following agenda items:

Ordinary General Assembly Agenda:

1. To read and approve the Corporate Governance Report, including the report on remuneration granted to the members of the Board of Directors and the Executive Management for the financial year ended December 31, 2025.
2. To read and approve the Audit Committee Report for the financial year ended December 31, 2025.
3. To discuss and approve the Board of Directors’ Report on the Company’s activities, financial position, and business results for the year ended December 31, 2025.
4. To discuss and approve the External Auditor’s Report on the Company’s financial statements for the financial year ended December 31, 2025.
5. To discuss, approve, and ratify the audited consolidated financial statements and final accounts of the Company for the year ended December 31, 2025.
6. To review transactions conducted with related parties during the financial year ended December 31, 2025, and approve allowing the Company to enter into direct and indirect related-party transactions during the financial year ending December 31, 2026.
7. To review any violations identified by regulatory authorities and any penalties imposed as a result thereof, including any financial or non-financial sanctions applied to the Company during the financial year ended December 31, 2025 (if any).
8. To discuss the recommendation of the Board of Directors to distribute cash dividends to shareholders for the financial year ended December 31, 2025, totaling KWD 605,000 (Six Hundred Five Thousand Kuwaiti Dinars), representing 5% of the nominal value per share (equivalent to 5 fils per share).
9. To discuss the recommendation of the Board of Directors regarding the payment of Board remuneration amounting to KWD 30,000 for the financial year ended December 31, 2025, and approve attendance allowances for non-executive Board members and the independent member for Board and committee meetings held during the same financial year.
10. To approve the discharge and release of liability of the Board members concerning all legal, financial, and administrative actions undertaken during the financial year ended December 31, 2025.
11. To appoint/reappoint the Company’s external auditor from among the auditors approved by the Capital Markets Authority for the financial year ending December 31, 2026, taking into consideration the mandatory auditor rotation period, and to authorize the Board of Directors to determine the auditor’s fees.
12. To elect a new Board of Directors, including the independent member, for a term of three years and determine their remuneration.

Accordingly, shareholders are kindly requested to visit the website of Kuwait Clearing Company (Maqasa) and review the General Assembly Policies and Procedures Guide through the electronic systems, and follow the necessary registration procedures in the electronic system. This will enable shareholders to review all documents related to the agenda items, attend the meeting electronically, and vote on the Ordinary General Assembly resolutions.

Please note that voting will be conducted exclusively through electronic voting, starting from Sunday, May 17, 2026, until the closure of voting on each agenda item by the system administrator on the meeting date, Sunday, May 24, 2026.

Shareholders who have previously registered in the electronic system may directly review the documents and vote through the system.

For any inquiries, please contact us by phone at 24954454 or via email at investors@oulawasata.com.kw.

Note: In the event that the required quorum is not met, the meeting shall be postponed to 10:00 AM on Sunday, June 7, 2026, to consider the same agenda items.