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.