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13-05-2020 09:18 AM

GULFNAV – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Tuesday, May 12, 2020 - 02:00 PM Type of Meeting General Assembly
Net Profit/Loss (327,000,000.00) AED Cash Dividend
Bonus Share New Issuance
Shares Split Capital Deduction
Announcements/Resolutions

Decisions and Resolutions of the General Assembly meeting:

1.       Approved the Board of Directors’ Report on the Company’s activity and its financial position for the fiscal year ended on 31/12/2019.

2.       Approved the Auditor’s Report for the fiscal year ended on 31/12/2019.

3.       Approved the Company’s balance sheet and profit and loss account for the fiscal year ended on 31/12/2019.

4.       Approved to discharge the members of the Board of Directors for the fiscal year ended on 31/12/2019.

5.       Approved to discharge the auditors for the fiscal year ended on 31/12/2019.

6.       Appointed Deloitte as an auditor for year 2020 and determine their fees.

7.     Approved the renewal of approval for a year for the Members of the Board of Directors to participate in any business in competition or related to the company’s activities in accordance with paragraph (3) of Article (152) of Federal Law No.(2) of 2015.

Special Decisions and Resolutions of the General Assembly meeting

-         Unanimously approve to amend the Article 43-1 of the Article of Association:

To Be:“The invitation for attending the General Assembly Meeting shall be addressed to Shareholders through the announcement in two local daily newspapers one of which is in Arabic language and by registered mail or an email or Short Messaging Service (SMS) accompanied by a copy of the Board’s Report and Accounting Auditors’ report, before 15 days at least from the date specified for the meeting after getting the approval of the Authority.  The invitation must be accompanied with the agenda of that meeting and a copy of the invitation documents shall before warded to the concerned authority”.

Last Entitlement Date Ex-Dividend Date
Registry Closing (Settlement) Date Meeting Venue Electronically (without physical attendance)

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