Medicare Announces Agenda For Its Ordinary General Assembly Meeting Edue On March 12, 2017

March 06, 2016

The Board of Directors of Medicare Group is pleased to invite you for the company's General Assembly Meeting to be held at 06:30 pm on the evening of Sunday,12^nd of March 2017; at Meeting Halls, Entrance No. 3 of Ezdan Towers, Al-Dafna Area. In case of non-quorum, the same shall convene for the second meeting on Wednesday, 15^th of March 2017 at the same time and venue:-

Agenda of the AGM:-

1.    Hearing the Chairman Opening speech and the Board of Director’s report on the Company’s activities and its financial position during the financial Year ended 2016; and discuss Future business plan.

2.    Hearing the External Auditor’s report on the Company’s consolidated financial statement for the financial year ended on 31st December 2016.

3.    To discuss and endorse the Company’s consolidated financial statement for the financial year ended on 31st December2016.

4.    Endorsing Board of Director’s recommendation for distributing cash dividends of 30% of nominal share value (i.e QR 3 per share).

5.    To Absolve and release the board of Directors responsibilities for the financial year ended on 31st December 2016; and endorse their bonus.

6.    Review and endorse of Company’s Governance Report for the year 2016.

7.    Review of tender on appointing the External Auditor’s for the year 2017 and determine their remuneration.

8.     Approving the Board of Directors’ recommendation to allocate an amount of One million Riyals for the cases that need medical treatment but cannot afford it, and to authorize the Board of Director to utilize this amount as it sees appropriate.