COMPANY ANNOUNCEMENT The following is a Company Announcement issued by FIMBank p.l.c. pursuant to the Malta Financial Services Authority Capital Markets Rules.
says company s Vice Chairman Kuwait City, 15 April, 2021: At its Annual Shafafiyah Transparency Investors Forum, KIPCO - the Kuwait Projects Company (Holding) - said that it would remain guarded about 2021, as it closely monitors the impact of the ongoing COVID-19 pandemic on business. At the company s investors forum, KIPCO presented a review of its activities in 2020 and its outlook for 2021. In line with the health authorities guidelines regarding social distancing, the event was broadcast live to an audience of shareholders, financial analysts and institutional investors. Annual General Assembly The forum followed the company s General Assembly meeting where KIPCO s shareholders approved a cash dividend of 5% (5 fils per share). An Extraordinary General Assembly was also held, during which the shareholders agreed to raise the company s authorized capital from KD 200 million to KD 30