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AGM to be held on May 29, 2022
Inviting the shareholders of Injazat Real Estate Development Company K.S.C.P. to attend the Ordinary General Assembly meeting to be held on Sunday, May 29, 2022 at 12:00 noon in the company’s meeting room in Ahmed Tower - located in the east - Al Khaleej Al Arabi Street, and that To discuss the items on the agenda.
Results of the First Quarter Board Meeting
The Board of Directors of the Company met on Tuesday, April 26, 2022, and the interim condensed consolidated financial information as at March 31, 2022 was approved unaudited. Injazzat Real Estate Development Company achieved profits in the first quarter of 2022 amounting to 406,161 Kuwaiti dinars, with earnings per share of 1.20, compared to profits of 103,290 Kuwaiti dinars with earnings per share of 0.31 fils achieved by the company in the first quarter of the financial year 2021.
Confirmation of stock benefit schedule
We would like to confirm the schedule of stock maturities for the distribution of cash dividends of 5% (5 fils per share) for the fiscal year ended December 31, 2021 for shareholders registered in the Company's records at the end of maturity day as follows: General Assembly Approval Date April 05, 2022 Stock Acquisition Date April 17, 2022 Stock trading date without maturity April 18, 2022 Due Date April 20, 2022 Cash Distribution Date (Cheques) April 27, 2022
Outcomes of the AGM
Injazzat Real Estate Development Company's (AGM) held a meeting on Tuesday, April 05, 2022 at 1:00 p.m. in the meeting room of Ahmed Tower, Arabian Gulf Street, Kuwait City, where the Association unanimously approved all items on the agenda, including: 1) Approval of the Board's recommendation to distribute cash dividends of 5% of the paid-up capital, i.e. 5 fils per share, with cash distributions amounting to 1,692,657.495 KD after excluding Treasury shares for the financial year ended December 31, 2021 for shareholders registered in the company's records at the end of maturity day, April 20, 2022, with dividends starting on ...
