Islamic Holding Group Holds Its AGM on 20/2/2017 and Announces the Agenda

 

January 29, 2016

 

The Board of Directors of the Islamic Holding Group invited all shareholders to attend the General Assembly Meeting, to be held at 05: 00 pm on Monday, 20/2/2017 at Ezdan Towers, Gate 3 in West Bay. The alternative date (second meeting) in case of a lack of quorum shall be on Monday, 27/2/2017 at 6:00 pm in the same place to discuss the agenda set out below:

the General Assembly agenda for the financial year 2016:

1-      Listen the report of the Board of Directors about the activities of the Company and financial position for the financial year ended on 31 /12/2016 and the company’s future plan.

2-      Discuss the auditor’s report on the balance sheet end year 2016 accounts.

3-      Listen to the Sharia report for the company.

4-      Discuss governance report for the financial year 2016 and approval it.

5-      Discuss the company balance sheet and loss and profit accounts as well as its ratification.

6-      Consider the recommendation of the Board of Directors to distribute cash dividends a 10 % of capital (by QR 1 per share).and approve it.

7-      Consider the discharge of the members of the Board of Directors for the financial year ended on December 31/12/ 2016. 

8-      Appointment of Auditors for the financial year 2017 and their fees.

 

The Board seeks kind attention of the shareholders to the following:

·         Registration of the attendance shall begin one hour before the meeting, Kindly obligation by attendees at the deadline to allow a regular AGM its time.

·         Each shareholder has the right to attend on his behalf and on behalf of others (non-board members) required for the safety of the repentance to be of the shareholders and approved by the company’s power of attorney forms or a formal power of attorney and it may not increase the percentage owned by the shareholder as such more than 5 % of the company shares.

·         Quorum for the AGM in the presence of 50% of the number of shares of the company at the first meeting and in the absence of quorum the second meeting shall be convened on February 20, 2017 at 5.00 PM same place.

·         This invitation is considered legally declared to all shareholders without the need to send invitations by mail.

·         The shareholders in a week before the convening of the General Assembly there is disclosed that includes items provided in article 22 of the Commercial Companies Law No. 11 of 2015.