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.