Gulf
Warehousing's AGM Endorses Agenda,
Approves Distribution of 16% Cash
Dividends
January 30, 2017
Gulf warehousing company announced the
resolutions of Ordinary General Assembly
Meetings held Monday 30 January 2017.
The following resolutions were
passed:
AGM :
First: Management Report and Future
Plan:
The AGM heard the management report on
the company activities and its financial
position for the year ended 31.12.2016.
Second: Discussion of Auditors’ report
and Company’s Financial Statements:
The AGM heard the auditors’ report, by
KPMG, on the company balance sheet and
profit and loss account of the financial
year ended 31.12.2016.
The AGM approved company balance sheet
and profit and loss account of the
financial year ended 31.12.2016, the AGM
approved the Auditors’ Report on the
Company’s Financial Statements.
Third: Discussion of Company’s Financial
Statements & Bonus approval:
The AGM discussed the balance sheet and
profit and loss account and agree on the
distribution of cash dividends on the
value of QR (1.6) per share by 16%.
Fourth: Absolving BOD Members from
responsibilities for transactions:
The AGM absolved the BOD Member from
responsibilities for transaction for the
year ended 31.12.2016.
Fifth: Appointment of External Auditors
for the year 2017:
The AGM decided to appoint KPMG as
External Auditors for the year.
Sixth:
Corporate Governance Annual
Report for 2016:
The AGM heard the Corporate Governance
Annual Report for 2016.