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01-04-2019 09:42 AM

DNIR – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Sunday, March 31, 2019 - 10:00 AM Type of Meeting General Assembly
Net Profit/Loss 52.661 Million AED Cash Dividend 75
Bonus Share New Issuance
Shares Split Capital Deduction
Announcements/Resolutions

1.      The Board of Directors’ report for the company activities and financial results for the year ended at 31st of December 2018 has been approved.

2.      The transfer of AED 28.875 million (twenty-eight million eight hundred and seventy-five thousand dirhams) from the obligatory reserve to the retained earnings account has been approved.

3.      The Auditor’s report for the year ended at 31st of December 2018 has been approved.


4. The Company’s financial statements for the year ended at 31st of December 2018 has been approved.

5.      It has been approved to distribute cash dividend of 75% paid up share capital AED 86.625 million (AED eighty-six million, six hundred and twenty-five thousand dirhams)

Shareholders who are listed by the end of Wednesday 10/04/2019 are eligible to receive dividend.

6. A Remuneration of 10% of net profits of AED 5,266,215/- (Five million, two hundred sixty-six thousand and two hundred fifteen Dirhams) for the Board of Director’s has been approved.

7.    The Chairman and the Members of the board were discharged from any liabilities related to their duties during the year ended at 31st of December 2018.

8.      Auditors were discharged from any liabilities related to their duties during the year ended at 31st of December 2018.

 

 

9.      It has been approved to go with the Board recommendation to appoint a statutory Auditor for the year 2019 based on the following:

In case a decision will be issued by SCA amending the auditors assigning period to be more than 3 continuous years, the current auditor MS Grant Thornton will be appointed,   and in the absence of any such decision (Crowe Mak) to be appointed.


Last Entitlement Date Monday, April 08, 2019 Ex-Dividend Date Tuesday, April 09, 2019
Registry Closing (Settlement) Date Wednesday, April 10, 2019 Meeting Venue Al Habtoor Group

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