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Zad Holding Announces Holding its AGM and
EGM on April 24, 2017
March 30, 2017
Zad Holding Company announced that it has decided to invite
shareholders to attend the Ordinary and Extraordinary General
Assembly Meetings (AGM and EGM) at 06.30 pm on Monday, 24 April
2017 at Al Sharq Hotel and Resort in Ras Bouaboud area in Doha.
In case of lack of quorum, alternative meetings will be held on
Wednesday, 26 April 2017 at the same time and place. The
meetings will discuss the following agenda:
Ordinary General
Assembly Meeting Agenda:
Hearing the
Board of Directors report on the activity of the company and its
financial position during the financial year ended 31/12/2016
and the future plans of the company.
1.
Hearing the
auditor's report on the company's budget for the fiscal year
ended 31/12/2016.
2.
Discussing the
balance sheet and profit and loss account for the fiscal year
ended 31/12/2016 and approving it.
3.
Approving the
recommendation of the Board of Directors to distribute cash
dividend by the rate of 45% of the share nominal value.
4.
Discharge
members of the Board of Directors from liability for the
financial year ended 31/12/2016 and approve their remunerations.
5.
Discussing the
Governance Report for the year 2016.
6.
Appointment of
the External Auditor for the fiscal year 2017, and determine the
fees.
7.
Electing the
Board of Directors for its new three-year term from 2017 to
2019.
Extraordinary
General Assembly Meeting Agenda:
1.
To approve the
recommendation of the Board of Directors to adjust the Company's
status with the Commercial Companies Law promulgated by Law No.
11 of 2015, amend the Articles of Association and Articles of
Association of the Company.
2.
Approving the
recommendation of the Board of Directors to amend Article 8 of
the Memorandum of Association and Articles of Association of the
Company to become (no natural or legal person may subscribe at
the time of the establishment of the company more than 400 (four
hundred) shares and may not owe at any time more than 15% of the
capital by any means other than inheritance or will.
3.
Authorizing the
Board of Directors to make the necessary amendments to the
Memorandum of Association and the Statute.
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