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27-08-2020 08:33 AM

DARTAKAFUL – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Wednesday, August 26, 2020 - 11:00 AM Type of Meeting General Assembly
Net Profit/Loss - AED Cash Dividend 3.27
Bonus Share New Issuance
Shares Split Capital Deduction

        Ratification of the resignations of the following members of the Board of Directors: -

-     Maj Gen. Abdulaziz Al Bannai (Rt’d(

-     Mr. Ali Humaid Al Owais

-     Mr. Yagub Bin Eisa Al Serkal

-     Dr. Mohammed Sharaf

Election of the below Board of Directors to complete the term of the resigned members that will end in 2021.

     1- Mr. Mahomed Akoob voting percentage of 27.14%

    2-  Mr. Matar Hamdan Sultan Hamad Al Ameri Voting percentage of 24.38%

    3-Mr. AbdallahMalek Osseiran Voting percentage of 24.10%

   4-Mr. KhalafSultan Rashed Saeed AlDhaheri Voting percentage of 24.08%

   -   Shareholders owning 10% or more of the company shares formally requested the chairman to add an extra agenda item through a written letter, the request was granted to add the discussion of the distribution of dividends to shareholders for the financial year ending 31 December 2019.

     The chairman of the meeting clarified that the fiscal year ending December 31, 2019, has been closed, hence the voting will be on the distribution of the  profits made during the first half of the current year 2020.

      The company made 5.5 million Dirhams profit during the first half of 2020. And dividend of 4.9 million Dirhams will be distributed which is equal to 3.27% of the capital.

      94% of the attendees voted to approve the dividend distribution.

    The above item is subject to the approval of the Securities and Commodities Authority.

    - Approved the amendment of Article 42 of the Company’s Articles of Association Voting percentage of 100 %

     - Approved the inclusion of additional provision in Article 43 of the Company’s Articles Voting percentage of 100 %  

Last Entitlement Date Wednesday, September 02, 2020 Ex-Dividend Date Thursday, September 03, 2020
Registry Closing (Settlement) Date Sunday, September 06, 2020 Meeting Venue Four Season Jumeirah- Dubai

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