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22-06-2020 02:56 AM

ERC – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Monday, June 22, 2020 - 11:00 AM Type of Meeting General Assembly
Net Profit/Loss (10,110,029) AED Cash Dividend
Bonus Share New Issuance
Shares Split Capital Deduction

Approving and approving the report of the Board of Directors on the activities of the company and its financial position for the financial year ended 31/12/2019

Approval of the auditor's report for the financial year ended 31/12/2019 and approval thereof

Approving and approving the company’s balance sheet and profit and loss account for the financial year ending 31/12/2019

Discharge of the members of the Board of Directors for the financial year ended 31/12/2019

Disclaiming the auditors for the financial year ended 31/12/2019

Agree to reappoint Grant Thornton auditors for the year 2020 and determine their fees

To agree to elect the new board members

 -Mr. Abdullah MahmoudAl-Qaisiah - Non-Executive / Independent

 -Mr. Ahmed Dabbous ElSewedy - Non-Executive / Independent

 -Mr. Nader Ahmed AlHammadi - non-executive / independent

 -Mr. Sayed BasrShuaib - non-executive / independent

-Mr. Rashid MuhammadAhmad Al-Kaabi - Non-Executive / Independent

Approval of the company continuing its activities after the accumulated losses exceeded half of the issued capital until the next assembly meeting

Approval of the Board of Directors proposal to merge the company's legal and mandatory reserves

Last Entitlement Date Ex-Dividend Date
Registry Closing (Settlement) Date Meeting Venue ERC, Head Office, Al Qouz, Dubai - Remotely

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