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31-03-2020 08:14 AM

ITHMR – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Monday, March 30, 2020 - 01:30 PM Type of Meeting General Assembly
Net Profit/Loss 669000 USD Cash Dividend
Bonus Share New Issuance
Shares Split Capital Deduction
Announcements/Resolutions

1.      Received and approved the minutes of the Ordinary General Meeting of the Company held on 29 of August.

2.      Discussed and approved the Directors’ Report on the Company’s business and financial position for the financial year ended 31 December 2019.

3.      Receive the Sharia Supervisory Board’s Report on the Company’s business for the financial year ended 31 December 2019.

4.      Received the External Auditors’ Report on the Company’s Consolidated Financial Statements for the financial year ended 31 December 2019.

5.      Discussed and approved theCompany’s Consolidated Financial Statements for the financial year ended 31December 2019.

6.      Ratified and authorized, asapplicable, the transactions during the financial year ended 31 December 2019,with any related parties or major shareholders, as stated in Note No. 38 of the financial statements in accordance with Article 189 of the Bahrain Commercial Companies Law No. 21 for the year 2001 and its amendments (“BCCL”).

7.      Discussed and approved the Board of Directors report on the Company’s Corporate Governance for the financial year ended 31 December 2019 and the Company’s compliance with the requirements of the Central Bank of Bahrain (“CBB”) and the BCCL.

8.      Discharged the Board of Directors of the Company from any liability resulting from the performance of their respective duties during the financial year ended 31 December 2019.

9.      Reviewed the aggregate benefits and remuneration of the members of the Sharia Supervisory Board for the financial year ending 31 December 2020.

10.  Adopted the Board of Directors’ recommendation to appoint the external auditors of the Company for the financial year ending 31 December 2020, which was approved by the CBB, and authorized the Board of Directors to determine their remuneration accordingly.

11.  There were no other matters arising in accordance with Article 207 of the BCCL.

Last Entitlement Date Ex-Dividend Date
Registry Closing (Settlement) Date Meeting Venue Company’s head office, Seef Tower 15th floor

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