Barwa AGM
Approves Agenda Items, 25% Cash Dividend, Postpones EGM to
6/03/2018
for Lack of
Quorum
February 28, 2018
Barwa Real Estate Company
announced the resolutions of Annual General Assembly (AGA) held
on Tuesday 27 February 2018 and approved the items on the
following agenda::
1. To review and approve the Board of Directors’ Report on the
activities of the company and its financial position for the
financial year ending 31/12/2017 as well as to discuss and
approve the company’s future plans for the year 2018.
2. To review and approve
theauditors’ report on the financial statements of the company
for the year ending31/12/2017.
3. To review and approve
theSharia’a Supervisory Board report for the year ending
31/12/2017 and appoint new Sharia’a Supervisory Board for the
year 2018.
4. To discuss and approve
the company’s balance sheet and profit/loss statement for the
year ending31/12/2017.
5. To approve the Board of Directors’ proposal of cash dividend
of QR 2.5per share, 25%of the share value, for the financial
year ending 31/12/2017.
6. To absolve the Board of
Directors’ members of any liability for the financial year
ending 31/12/2017,and approve their remuneration for the year
then ended
7. To discuss and approve
the company’s Governance Report for the year ending 31/12/2017.
8. To appoint the Auditors
for the2018 financial year, and agree their fees.
The extraordinary general
meeting of the General Assembly was adjourned to be held on
Tuesday 6 march 2018 due to lack of quorum.
To view the press release,
click here
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