Disclosure of Material Information:

The Company applies disclosure and transparency of material information to be disclosed to shareholders and stakeholders under an updated immediate disclosure record available on the website and a hard copy at the Company’s headquarters that can be view.

Disclosure of Major Shareholders:

Shareholder Name Ownership over 5%
Altafawk Holding Company 43%
Al Zumorroda Holding Company 13%
United Medical Services Co. 7 %

Disclosures Logs

Statement and Details of Disclosure
Disclosure Time
Disclosure date
Meeting minutes No.
Disclosure No.
No.

Disclosure of the organization chart and all committees from the Board of Directors and all divisions of the company as January 2023

04:35 PM

31/01/2023

01/2023

01/2023

1

Disclosure of the integrated report for the year 2023

04:35 PM

31/01/2023

01/2023

02/2023

2

Disclosure of Consolidated and Audited Financial Statements year ended 31-12-2022

02:05 PM

09/02/2023

02/2023

03/2023

3

Disclosure of the impact of events resulting from the spread of the novel coronavirus on the financial statements for the fourth quarter of 2022.

02:05 PM

09/02/2023

02/2023

04/2023

4

Disclosure of the company’s organizational structure chart, board committees and all company departments as of February.

03:05 PM

15/02/2023

03/2023

05/2023

5

Disclosure of updating the list of insiders in the company, as it is on the company’s website.

03:10 PM

28/02/2023

04/2023

06/2023

6

Disclosure of the purchase of a commercial complex located in Hawally for an amount of KD 3,150,000 and obtaining facilities from Kuwait Finance House and mortgaging the property in its favor under the facilities contract.

05:10 PM

06/03/2023

05/2023

07/2023

7

Announcement regarding issuance of Disciplinary Board Resolution No. (111/2022)

03:35 PM

19/03/2023

06/2023

08/2023

8

The AGM for the year 2022 was approved, with an attendance rate of 85,620% of the company’s total shareholders, and the date for distributing cash dividends (4 fils) was set on 04/26/2023 to the shareholders registered in the company’s records on 03/27/2023.

03:35 PM

27/03/2023

07/2023

09/2023

9

Disclosure of Consolidated Financial Statements for the first quarter for the year 2023.

02:05 PM

04/05/2023

08/2023

10/2023

10

No.

Disclosure No.

Meeting minutes No

Disclosure date

Statement and Details of Disclosure

1

1/2022

1/2022

31-01-2022

Disclosure of the impact of events resulting from the effect of the pandemic coronavirus on the financial statements from the fourth quarter of 2021.

2

2/2022

1/2022

31-01-2022

Disclosure Report for Remuneration Committee for the financial year ended 31-12-2021.

3

3/2022

2/2022

14-02-2022

Disclosure of Consolidated and Audited Financial Statements year ended at 31-12-2021.

4

4/2022

2/2022

17-02-2022

Disclosure of the agenda of the AGM for the financial Statement year ending of 31-12-2021.

5

5/2022

3/2022

17-02-2022

Announcement of the invitation of the Ordinary General Assembly on 14-03-2022.

6

6/2022

28-02-2022

Announcement reminder of the invitation of the Ordinary General Assembly on 14-03-2022.

7

7/2022

4/2022

14-03-2022

Disclosure and approval of the results of the General Assembly by the Ministry of Commerce and Industry.

8

8/2022

5/2022

08-05-2022

Disclosure of Financial Statements for the First Quarter of 2022.

9

9/2022

5/2022

08-05-2022

Disclosure of the impact of events resulting from the effect of coronavirus on the financial statements of the first quarter of 2022.

10

10/2022

5/2022

08-05-2022

Disclosure of the acceptance of the resignation for the internal auditor, Mr. Sadaf Chougle, for special reasons, provided that his last working day in the company is on 06-06-2022.

11

11/2022

6/2022

09-06-2022

Approval of the director of internal audit in the company, Mr. Saleh Al-Khouly, and the approval of the office of RSM Consulting to handle the consultancy work of the company’s internal audit committee.

12

12/2022

6/2022

09-06-2022

Disclosure list of the insiders in the company.

13

13/2022

8/2022

21-07-2022

Approval of the consolidated financial statements (unaudited) for the second quarter of 2022.

14

14/2022

8/2022

21-07-2022

The financial implications of the coronavirus pandemic for the second quarter of 2022.

15

15/2022

8/2022

21-07-2022

Approval by a committee to execute the company’s documents obsolete since 2015 and above, and to rely on electronically archiving the original documents.

16

16/2022

9/2022

15-08-2022

Announcing the date of holding an ordinary general assembly Discussing the agenda: approving a new external auditor for the fiscal year ending on 12/31/2022 instead of Mrs. Hessa Al Bahar -whose license canceled by the Capital Markets Authority at her request.

17

17/2022

10/2022

29-08-2022

Approving the company’s external auditor, Mr. Adnan Ali Hassan Al-Hazeem, from the Moore International Auditing Office, registered in the list of auditors’ register at the Capital Markets Authority, taking into account the period of mandatory change, to issue the financial statements year ending on 31 /12/2022, instead of Mrs. Hessa Muhammad Ahmed Al-Bahr, due to the cancellation of her registration from the auditor’s register with the Authority and the approval of determining the fees according to the recommendation of the company’s internal audit committee to the Board of Directors.

18

18/2022

11/2022

22-09-2022

Sharq Investment Company purchased two limited liability companies, which classified as subsidiaries, for a total amount of 6.8 million Kuwaiti dinars, and the purchase value was fully financed under a facility contract granted by Warba Bank, amounting to 6.8 million Kuwaiti dinars, and 1% bank profits.

19

19/2022

12/2022

03-11-2022

Approval of the consolidated financial statements (unaudited) for the third quarter of 2022.

20

20/2022

12/2022

03-11-2022

The financial implications of the coronavirus pandemic for the third quarter of 2022.

A List of all people acquainted with the company.

Acquainted Name Acquainted Title
A

Acquainted Board Members

1 Mr.Adel Al-Nakkas Chairman
2 Mr. Abdulmalik Al-Awadhi Vice Chairman
3 Mr. Abdullah Al-Baghli Board Member (Independent)
4 Mr. Fahad Al Mulla Board Member
5 Mr. Khaled Khalil Awad Board Member and Chief Executive Officer
B

Acquainted employees of the company

6 Mr .Hani Abd El-Halim V.P for Asset Management-Unquoted brokerage
7 Mr. Ahmed on Saad Al-Jariwi Client Portfolio manager( Managed by Client)
8 Mr. Haitham Hashim Ahmed Client Portfolio manager( Managed by Client)
9 Mr.Faisal Koya Company Portfolio Manager
10 Mr.Fahad Mohammed Al-Maktoum Client Portfolio Manager(Managed by company)
11 Mr. Abdo Jumaa Abdo Al-Basyouni Chief Financial Officer
12 Mr. Sojan Thomas Risk Management Officer
13 Mr.Saleh Abd El Wahab Al Kholy Internal Audit Manager
14 Mr. Khaled Nizar Al -Hadrab Compliance Manager
15 Mr.Amin Salah Metwally Compliance Officer
16 Mr.Dawoud Marvin Operation Officer
17 Ms. Randa Hashem Sr .Executive Hr.
18 Ms. Nora Madi Investors Relations Unit
19 Mr. Mahdi Hamza Complaints Officer
20 Mr. Ahmed Osama Ali Accountant
21 Mr. Mohammed Thabet Client relation officer
C

Acquainted third parties

22 Mr. Adnan Al-Hazeem External Auditor of the company
23 Mr. Abdulaziz Al-Ali External Lawyer of the Company
24 Dr. Faisal Abdulwahab Al-fahad External Lawyer of the Company
25 Mr. Mohammed Al-Zamrawi External Software Engineer of the Company
26 Ms. Mona Al-Moued Hr. Consultant
27 NUC National Trading Company IT Department
28 Al-Marsa for Economic Industrial and Information Technology Consulting company Consulting Office for Internal Audit of the company
29 Grant Thornton Audit firm responsible for determining the company’s internal audit systems.
30 Baker Tilly The responsible audit firm for (AUP) report.
31 Warba Bank Lending Bank
32 Kuwait Finance House Lending Bank
33 Kuwait International Bank Lending Bank