20 نوفمبر..عمومية "إس تي سي" تُناقش تعديل مادة بالنظام الأساسي

"STC" General Assembly to Discuss Bylaw Amendment

The extraordinary general assembly of Kuwait Telecommunications Company ("STC") will convene on November 20, 2024, to discuss a proposed amendment to Article 7 of the company's bylaws.

Proposed Bylaw Amendment

The amendment seeks to empower "STC" to utilize treasury shares for the purpose of attracting and retaining highly skilled employees. The proposed amendment introduces an employee stock purchase plan, which would allow employees to acquire "STC" shares.

The proposed amendment outlines the framework for "STC" to sell or grant shares to its employees through an employee stock option program, contingent upon approval by the general assembly of shareholders.

Meeting Details

• The general assembly meeting is scheduled for November 20, 2024.
• If the required quorum is not met, a second meeting is scheduled for December 4, 2024.

STC's Recent Performance

In the first half of 2024, "STC" recorded a profit of 16.86 million Kuwaiti dinars, representing a 5% increase compared to the same period in the previous year.