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Announcements
The Company announces its Postponed Ordinary General Assembly was held on Thursday 20 July 2017
20 July 2017

The Company announces that the Postponed Ordinary General Assembly was held on Thursday 20 July 2017 at 11:30 am at the South Surra Area - Public Authority for Industry – main hall no (1), and the following was announced:
  • Approving the Board of Directors report on the financial year ending 31/12/2016.
  • Approving the External Auditors report on the financial year ending 31/12/2016.
  • Approving the report of the Shari'a Supervisory Board on the financial year ending 31/12/2016.
  • Approving related parties transactions for the financial year ending 31/12/2016.
  • Approving the consolidated financials of the financial year ending 31/12/2016.
  • Approving the Corporate Governance Report and Audit Committee Report on the financial year ending 31/12/2016.
  • Approving the annual report of the remuneration and benefits granted to the members of the Board of Directors and the Executive Management.
  • Narrating all the financial and non-financial penalties by regulatory authorities. The provisions of Article (6) of the Executive Regulations were discussed in presenting the financial statements as to be avoided in the coming years.
  • Approving Board of Directors recommendation, not to distribute dividends to the shareholders.
  • Approving Board of Directors recommendation, not to distribute remuneration to its members.
  • Delegation of Board of Directors to buy and sell the company’s shares not exceeding 10% of Company’s shares in accordance with the provisions of Law No. 7 of 2010 and its Executive Regulations and their amendments.
  • Release of deed for Board of Directors on their legal actions during the financial year ending 31/12/2016.
  • Mr. Ali Abdullah Ak-Khamees was elected as an integral member of the Board of Directors.
  • Reappointment of the company’s external Auditors - Rabaah Saad Muneer Al-Mohanna Horwath Al Muhanna & Co.- Legal Accountants – and delegating the Board of Directors to determine their fees.
  • Reappointment of Al Mashora & Al Raya for Islamic Financial Consulting as a Shari'ah Supervisory Board.