Qatar Cinema's AGM and EGM Endorses Agenda and Approves Distribution of 10% Cash Dividends

February 12, 2017

Qatar Cinema and Film Distribution Company announced the resolutions of Ordinary General Assembly and Extraordinary held Sunday 12/02/2017.  The following resolutions were passed:

Ordinary General Assembly

1.    The AGM approved the management report on the company activities and its financial position for the year ended 31/12/2016.

2.    The AGM approved the auditors’ report, by M/s Rodl & Partner, on the company balance sheet and profit and loss account of the financial year ended 31/12/2016.

3.     The AGM discussed the 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.

4.    The AGM Approved the Board’s recommendation for a dividend payment of QR 1.00 per share, representing 10% of the nominal share value.

5.    The AGM absolved the Board of Directors from responsibility for the year 2016 .

6.    The AGM approved Corporate Governance Annual Report for 2016.

7.    The AGM decided to appoint M/s Talal Abu-Ghazaleh & Co. International as External Auditor for the year 2017

Extraordinary General Assembly

The Extraordinary General Assembly approved the Board’s recommendation pertains to amend the Company’s article of association by changing the number of members under the Board of Directors to be seven.