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Muzammil

Entries by Muzammil Jal

Extra-ordinary AGM Invitation 15-3-2023

Invitation To Attend Extra-Ordinary General Assembly Meeting of Kuwait Pillars for Financial Investment (KSC Closed) KPFI Board of directors is pleased to invite the shareholders to attend the Extra-Ordinary General Assembly meeting that will be held on Wednesday 15/03/2023 at 01:00pm in the company’s headquarter in Al-Gebla Area – Block 13 – Plot 19 – Gebla Square Tower – Floor 23 to discuss the items of the agenda. Shareholders wishing to attend the General Assembly Meeting are kindly requested to visit the company’s headquarter or to contact on tel.: 22251269 - 22251224, to receive the Power of Attorney forms, attendance cards and agenda, from  Wednesday 1st of March 2023 from 10:00am to 02:00pm. Board of Directors To download & View the Extra-Ordinary AGM Agenda , please click on the following link: http://www.kuwaitpillars.com.kw/wp-content/uploads/2023/02/AGMAgenda15-3-2023-Eng.pdf

Nomination for the Membership of the Board of Directors

Nomination for the Membership of the BOD Kuwait Pillars for Financial Investment Company (KSCC) announces the opening of nomination for Board of Directors membership in its new session, for a period of two weeks, starting today, Sunday 22 January 2023.  Anyone who wishes to nominate himself for the position of a board member and meets the requirements in accordance with the rules of efficiency and integrity mentioned in the fifth book and the rules of governance mentioned in the fifteenth book of Executive Bylaws of Law No. (7) of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulating Securities Activities, fill in the nomination application on the form prepared by Capital Markets Authority and submit it to the company at its headquarters located in:  Kuwait Pillars for Financial Investment Company Al-Gibla - Block 13 - Bldg. 19 - Gibla Square Tower - 23rd floor From 8:30am until 3:00pm from ...

Buy or sell 10Percent of KPFI shares (Treasury Shares)

Buy or sell 10% of KPFI shares (Treasury Shares) The management of KPFI announces that as per received letter dated 28/07/2022, Capital Markets Authority has approved to renew the right to buy or sell not exceeding 10% of KPFI shares for a period of six months from the date of approval granted on 28/07/2022. The fair value of the share is 90 fils (Ninety fils) according to the independent investment consultant’s evaluation prepared based on financial statements as of 31 Dec. 2021. Compliance Department

Mubarakiya Tower–Residential Building, Al Nahda, Sharjah, UAE

Mubarakiya Tower –Residential Building, Al Nahda, Sharjah, UAE Construction of the Property was started in December 2017 and completed in 2021. It comprises a G+5P+18 residential apartment tower with four ground floor retail units, five levels of podium car parking (92 car parking spaces in total) and 89 residential units on the upper floors. The total built-up area of the Property is 159,840 sq. ft. with a total GLA of 86,590 sq. ft. Each floor comprises four 2-bedroom apartments and one 1-bedroom apartment with the exception of floor eight, which has four 2-bed apartments. Part of floor eight has an area designated for building services. The expected annual yield ranged 10-12% , and the property rental process started within first quarter 2022.