Alijarah's AGM Endorses Agenda, Approves Distribution of 5% Cash Dividend

February 22, 2017

 Alijarah Holding Announces the results of the Ordinary General Assembly Meetings was held on Tuesday, 21 February 2017 and has approved the following resolutions:

The agenda of the general assembly included the following:

1-         Hearing and approving the statement of His Excellency the Chairman of the Board and Managing Director and the Board of Directors’ report on the activity of the company and its financial position for the year ended 31 December 2016.

2-         Hearing of Sharia Board report on the activity of the company for the year ended 31 December 2016.

3-         Hearing and approving the report of Independent Auditors on the Company's financial statements for the year ended 31 December 2016.

4-         Discussing and approving the Financial Statements of the company for the year ended 31 December 2016.

5-         Approving the Board's proposal to distribute a dividend of 5% of the nominal value per share at the rate of 0.50 QR.

6-         Absolve the Boards of Directors Members for the year ended 31 December 2016 and fixing their fees.

7-         Discussing and approving the Corporate Governance Report for 2016.

8-         Appointing an External Auditor for the Company and fixing their fees.