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07-03-2018 08:18 AM

DNIR – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Wednesday, March 07, 2018 - 10:00 AM Type of Meeting General Assembly
Net Profit/Loss 50,067,000 AED Cash Dividend 30
Bonus Share New Issuance
Shares Split Capital Deduction
Announcements/Resolutions

1.        Board of Directors’ report for the company activities and financial results for the financial year ended at 31/12/2017 has been approved.

2.        The Auditor’s report for the year ended at 31/12/2017 has been approved.

3.        The Company’s financial statements for the year ended at 31/12/2017 has been approved.

4.        It has been approved to distribute cash dividend of 30% paid up share capital AED 34.650/- Million (Thirty-Four Million, six hundred and fifty thousand Dirhams) Shareholders who are listed by the end of Sunday 18/03/2018 are eligible to receive dividend.

5.        A Remuneration of 10% of net profits of AED 5.006/- (Five Million, six thousand Dirhams) for the Board of Director’s has been approved.

6.        The Chairman and the Members of the board were discharged from any liabilities related to their duties during the year ended at 31/12/2017.

7.        Auditors were discharged from any liabilities related to their duties during the year ended at 31/12/2017.

8.        M/S Grant Thornton has been reappointed as Statutory Auditors for the year 2018.

9.        The New Board Members were elected in accordance to the corporate governance code for the period 2018-2020 as follows:

-          Mr. Khalaf Ahmed Al Habtoor  -Chairman Executive – Member

-          Mr. Sultan Ahmed Al Habtoor - Vice Chairman - Non-Executive Member

-          Mr. Mohammed Khalaf Al Habtoor - Managing Director - Executive Member

-          Mr. Mohamed Al Falasy Director   - Independent Member

-          Mr. Abdulla Fadhel Almazrooei - Director Independent -Member

Last Entitlement Date Wednesday, March 14, 2018 Ex-Dividend Date Thursday, March 15, 2018
Registry Closing (Settlement) Date Sunday, March 18, 2018 Dividends Payment Date Monday, April 02, 2018
Payment Entity Meeting Venue Al Habtoor Group Headquarters Dubai Al Wasl Road Bldg No. 727

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