Aamal Announces the Agenda for Its AGM Expected on April 17, 2017

March 29, 2017

The Board of Directors of Aamal Company is pleased to invite you to attend the Annual Ordinary General Assembly meeting of the Company, which will be held on Monday, April 17, 2017 at 4 Pm Shangri-la Doha Hotel. In the event that a quorum is not achieved, the meeting will be held consecutively on April 24, 2017 at 4 Pm at the aforementioned address.

Agenda of the Ordinary General Assembly Meeting:            

1.      To Hear and approve Chairman’s report on the Company’s activities and the financial position for the financial year ended December 31, 2016, and hearing the Company’s future business plan.

2.      To hear and approve the External Auditor’s report on the Company’s Financial Statements for the year ended December 31, 2016.

3.      To discuss and approve the Company’s Financial Statements, losses and profits for the financial year ended by December 31, 2016.

4.      To discuss and approve the proposal of the Board of Directors to distribute dividends to the current shareholders the sum of 6% (QR 0.6 for each Share) of the nominal value of each share of the Company that they own (i.e. QR 0.6 per share)

5.      To discharge Members of the Board of Directors from their directorship responsibilities having been met for the financial year ended December 31, 2016 and to determine their bonus

6.      To discuss and approve the Company’s Corporate Governance Report for the year of 2016.

7.      To appoint the External Audit for the Financial Year of 2017, and decide its fees.

Notes:  

1.      Shareholders are kindly requested to present their personal ID and proxies at least one (1) hour prior to the start of the scheduled meeting so as to enable registration of attendees and ascertain number of shares held by each attending Shareholder.

2.      Any modification to the proxy form by the Shareholder shall render the form null and void.

3.      Only the Company Shareholders can represent other Shareholders, in the Ordinary General Annual Meeting, through proxies.

4.      Shareholder cannot delegate one of the Board of Directors to attend the Ordinary General Annual Meeting on his behalf.

5.      Delegated Shareholder cannot possess more than 5% of the Shares of the Company.

6.      Those persons representing Companies that own Shares in the Company, shall present a delegation from said Companies delegating them to attend the Ordinary General Annual Meeting.

7.      Pursuant to the provisions of the Law No. 11 of the Year 2015, publication of this invitation is deemed valid without the need for invitation by post.