THE COMPANY’S BUSINESS

Board of Directors approved the Interim Condensed Consolidated Financial Information for the Financial Position as of 31/03/2019.

IRC board meeting will be held on Monday 14 May, 2019 to discuss the Interim Condensed Consolidated Financial Information as of 31 March 2019.

The Annual Ordinary General Assembly of the Company was held on 21/03/2019 and ratified all the agenda items.

The Annual Ordinary General Assembly Meeting for the company has been decided to be held on the 21st of March, 2019 at 10.00 AM in the company premises.

Board of Directors approved the Consolidated Financial Statements for the year ended 31 December 2018.

IRC board meeting will be held on Wednesday 06 February, 2019 to discuss the information of 31 December, 2018.

Capital markets authority’s approval to extend the collection period of the voluntarily non cash acquisition offer presented by Kuwait Real Estate company – KPSC on all shares of International Resorts Company’s share capital till 31 December 2018.

The Board of Directors had a meeting today and decided the following:

  1. The Interim Condensed Consolidated Financial Information for the Financial Position as of 30 September 2018.
  2. Approving the recommendation of voluntary withdrawal from the stock exchange on the Kuwait Stock Exchange to the General Assembly of the company to decide on it and take the necessary action in order to reduce the financial and administrative burdens borne by the company as a result of continued listing on the stock exchange in the light of current conditions of the company and the current market conditions.

IRC board meeting will be held on Monday 15 October, 2018 to discuss the following:

  1. The Financial Information of 30 September 2018.
  2. The proposal of the Board of Directors regarding the voluntary withdrawal from the listing on the Kuwait Stock Exchange.

Board of Directors approved the Interim Condensed Consolidated Financial Information for the Financial Position as of 30/06/2018.

IRC board meeting will be held on Monday 06 August, 2018 to discuss the information of 30 June 2018.

Board of Directors approved the Interim Condensed Consolidated Financial Information For the Financial Position as of 31/03/2018.

IRC board meeting will be held on Monday 14 May, 2018 to discuss the Interim Condensed Consolidated Financial Information as of 31 March 2018.

The Annual Ordinary General Assembly of the Company was held on 08/05/2018 and ratified all the agenda items.

The Annual Ordinary General Assembly  Meeting for the company has been decided to be held on the 08th of May, 2018 at 11.30 AM at the Head Office of General Authority for Industry, Main Hall number (3).

Board of Directors approved the Consolidated Financial Statements for the year ended 31 December 2017.

IRC board meeting will be held on Thursday 29 March, 2018 to discuss the information of 31 December, 2017.

The initial approval to study the interest of the Kuwait Real Estate Company for an optional non-cash acquisition on our shares.

Received a request from Kuwait Real Estate Company for an optional non-cash acquisition on our shares .

Board of Directors approved the Interim condensed consolidated financial information of the nine month period ended 30 September 2017.

IRC board meeting will be held on Tuesday 14 November, 2017 to discuss the information of 30 September, 2017.

Board of Directors approved the Interim Condensed Consolidated Financial Information For the Financial Position as of 30/06/2017.

 

IRC board meeting will be held on Thursday 10 August, 2017 to discuss the information of 30 June 2017.

The meeting of the Board of Directors number 3/2017 was held on 20th June, 2017 and the following decisions were authenticated:

  • The posts of the members of the board for the new cycle (2017-2019) were distributed as follows:
  1. Mr. Khaled Ali Al-Attal                                   Chairman
  2. Mr. Abdullah Abdul Razzaq Al-Asfour        Vice Chairman
  3. Mrs. Laila Abdul Karim Al-Ibrahim             Member
  4.  Mr. Nabil Adnan Zeineddine                        Member
  5. Mr. Mohahamed Abdullah Al-Radwan        Independent Member

Mr. Jamal Hamad was appointed to carry out the responsibilities and duties of the secretary of the board of directors.

  • The committees originated from the Board of Directors were formed as follows:
  • The Nomination and Remuneration Committee
  • Mr. Khaled Ali Al-Attal                                              Chairman of the Committee
  • Mr. Mohahamed Abdullah Al-Radwan                   Committee member
  • Mr. Abdullah Abdul Razzaq Al-Asfour                    Committee member
  • The Audit Committee
  • Mr. Abdullah Abdul Razzaq Al-Asfour                     Chairman of the Committee
  • Mr. Mohahamed Abdullah Al-Radwan                     Committee member
  • Mr. Nabil Adnan Zeineddine                                       Committee member
  • The Risk Committee
  • Mrs. Laila Abdul Karim Al-Ibrahim                           Chairman of the Committee
  • Mr. Mohahamed Abdullah Al-Radwan                      Committee member
  • Mr. Abdullah Abdul Razzaq Al-Asfour                       Committee member

The Annual Ordinary General Assembly  of the Company was held on 14/06/2017 and ratified all the agenda items.

The members of the board of directors of the company were elected for the new session (2017-2019). The election process resulted in the following members winning the following names:

  • Dhahiat Al-Surra Real Estate Co.
  • Al Nozha International Real Estate Co.
  • Sources Horizon General Trading & Contracting Co.
  • Dhahiat Al-Khaledia Real Estate Co.
  • Mohamed Abdullah Al-Radwan    (Independent Member)
  • Dhahiat Al-Adelia Real Estate Co. (Reserve Member)

 

 

The Annual Ordinary General Assembly  Meeting for the company has been decided to be held on the 14th of June, 2017 at 11.30 AM at the Head Office of General Authority for Industry, Main Hall number (1).

Board of Directors approved the Interim Condensed Consolidated Financial Statements For the Financial Position as of 31/03/2017.

IRC board meeting will be held on Tuesday 14 May, 2017 to discuss the information of 31 March 2017.

Increasing banking facilities by KD 500,000 (Overdraft) in order to finance the Company’s working Capital requirements.

The Nomination for the Board of Directors of IRC was announced in (Al-Qabas & Al-Jareeda) daily newspapers on the 3rd of April, 2017.

IRC-10x2

Board of Directors approved the Consolidated Financial Statements For the year ended 31 December 2016.

IRC board meeting will be held on Tuesday 28 March, 2017 to discuss the information of 31 December, 2016.

We would like tell you sadly that Mr. Nedhal Khaled Al-Masoud the Vice Chairman & Chief Executive Officer passed away and the company is in the process of electing a new Board Members during the next annual general meeting of the company.

Board of Directors approved the Interim condensed consolidated financial information of the nine month period ended 30 September 2017.

Board of Directors approved the Interim condensed consolidated financial information of the nine month period ended 30 September 2016.

IRC board meeting will be held on Monday 14 November, 2016 to discuss the information of 30 September, 2016.

On 31 October 2016, IRC management signed a Bank Facilities Contract with Al-Ahli Bank of Kuwait. According to this contract the company is given bank facilities with a maximum amount of KD 4,432,000 to support the execution of Souk Al-Safat project. As a guarantee, the company has a bank deposit of KD 1,775,000.