QEWC General Assembly Approves Agenda Items
and the Distribution 77.50% in Cash Dividends
February 27, 2018
Qatar Electricity & Water Company (QEWC) announced the results
of its Ordinary and Extraordinary General Assembly meetings held
on 26/2/2018.
AGM Results:
Board of Directors report on the company's activities and
financial position during the year ended 31/12/2017, and its
future plans.
Auditors’ report on the company's budget for the fiscal year
2017.
Discussed and approved budget and profit and loss account for
the year, and approved the distribution of 77.50% (seventy seven
point fifty percent) of the nominal value of the share in cash
dividends.
Adopted the Corporate Governance Report for 2017.
Relieved members of the Board of Directors from liability and
approved their remuneration.
Appointed Ernst & Young as auditors for the company's financial
year (2018) for a remuneration of QR340,000.
EGM Results:
Approved the amendment of the Articles of Association of the
Company in accordance with QFMA's Board Decision No. (5) Of
2016. Concerning the Issuance of Governance Code for Companies
and Legal Entities Listed on the Main Market.
Delegated the Chairman of the Board of Directors to make the
amendments and take all necessary procedures with the competent
authorities in this regard.
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