Industries Qatar Announces the Agenda for Its AGM and EGM Expected on 28/02/2017

 

February 19, 2017

 

The Board of Directors of Industries Qatar announced holding it Ordinary and Extraordinary General Assembly Meetings at 4:00 pm on Tuesday, February 28, 2017 in Al-Wajba Ballroom, LA Cigale Hotel. If the quorum is not met, the meetings will be held on Wednesday, March 1, 2017 at the same location and time.

The agenda for the Ordinary General Assembly Meeting (AGM) 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 IQ’s operations and financial performance for the financial year ended December 31, 2016, and the future plans of the Company.

3.      Hearing and approving the Auditors’ Report on IQ’s consolidated financial statements for the financial year ended December 31, 2016.

4.      Approval of IQ’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 4 per share, representing 40% 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 (EGM) is:

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