Mesaieed Announces the Agenda for Its AGM and EGM on March 06, 2017 

 

February 08, 2017

 

Mesaieed Petrochemical Holding Company announced the agenda for its Ordinary and Extraordinary General Assembly Meeting, to be held at 5:00 pm on Monday, March 6, 2017 in Al-Wajba Ballroom, La Cigale Hotel. If the quorum is not met, the meetings will be held at 5:30 pm on Wednesday, March 15, 2017.

The agenda for the Ordinary General Assembly Meeting is:

1.  Hearing the Chairman’s speech for the financial year ended December 31, 2016.
2.  Hearing and approving the Board of Directors’ Report on MPHC’s operations and financial performance for the financial year ended December 31, 2016, and the future plans of the Company.
3. Hear and approve the Auditors’ Report on MPHC’s consolidated financial statements for the financial year ended December 31, 2016.
4.  Approval of MPHC’s financial statements for the financial year ended December 31, 2016.
5.  Approve the 2016 Corporate Governance Report
6.  Approve the Board’s recommendation for a dividend payment of QR 0.6 per share, representing 6% of the nominal share value.
7.  Absolve the Board of Directors from responsibility for the year 2016 and approve their remuneration.
8. Appointment of the external auditors for the financial year ending December 31, 2017 and approve their fees.

The agenda for the Extraordinary General Assembly Meeting is:

1. Approval of the proposed amendments to the Company’s article of association.