1- Approval of the Directors’ report concerning the activities and financial position of the company for the year ended 31 December 2016
2- Approval of the Auditors’ report for the year ended 31 December 2016
3- Approval of the financial statements of the company for the year ended 31 December 2016
4- Approved the proposal of the board of directors regarding the distribution of cash dividend of 5% of paid capital at AED 5 fils per share
- Last date of dividend entitlement: Wednesday 03/05/2017
- EX-Dividend date: Thursday 04/05/2017
- Register closing settlement date: Sunday 07/05/2017
5- Approved the remuneration of the board of directors
6- Discharge the directors from their liabilities for the financial year ending 31/12/2016
7- Discharge the Auditors from their liabilities for the financial year ending 31/12/2016
8- Re-appointment the auditors (KPMG Lower Gulf Limited for the year 2017 and determine their remuneration.
9- The president of the General Meeting has received a suggestion from 2 shareholders that own more than 10% of the capital as hereunder:
- Transfer an amount of AED 100,000,000 (Hundred Million Dirhams) from the general reserve to the Retained Earning, the resolution approved, subject to the approval of the concerned Authority
10- The below mentioned members has been elected to the company’s Board of Directors to serve the new term (2017-2018-2019)
- Mr. Majid Abdullah Al Sari
- Mr. Khalid Abdullah Taryam
- Mr. Amjad Yousri Al Dwaik
- Mr. .Mohamad Ali Al Sari
- Mr. Sami Shakhshir
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