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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 ...
AGM to be held on April 5, 2022
Invite the shareholders of Injazzat Real Estate Development Company, to attend the AGM meeting scheduled for Tuesday, April 05, 2022 at 01:00 p.m. in the company's meeting room at Ahmed Tower at Arabian Gulf Street, to discuss the items on the agenda.
Results of the Board meeting
Injazzat real estate development company reported a profit of KD 2,845,845,995 at the end of finan year 2021, with a profit of 8.60 fils per share. Compared to a profit of KD 831,452 with a profit per share of 2.48 fils achieved by the company at the end of financial year 2020. The Board of Directors also recommended a dividend for the financial year ended December 31, 2021.
