Mesaieed General Assembly Approves Agenda and Distribution of 7%
Cash Dividend
March 7, 2018
Mesaieed
Petrochemical Holding Company (MPHC) announced the results of
its Ordinary and Extraordinary General Assembly meeting held on
Tuesday 6 March 2018. The agenda was approved as follows:
Agenda of
the Ordinary Assembly:
1.
To hear
the opening word of the Chairman of the Board of Directors for
the financial year ended 31 December 2017.
2.
To hear
and ratify the report of the Board of Directors on the company's
activity and financial performance for the fiscal year ended 31
December 2017, and the company’s future plans.
3.
To hear
and approve the report of the auditor on the company's
consolidated financial statements for the financial year ended
31 December 2017.
4.
To
Discuss and approve the company's consolidated financial
statements for the year ended 31 December 2017.
5.
To
present and approve the Corporate Governance report for 2017.
6.
To
approve the Board of Directors' recommendation regarding the
distribution of cash dividends for the year 2017 of QR 0.7 per
share, representing 7% of the nominal share value.
7.
To
relieve the members of the Board of Directors from liability for
the fiscal year ended 31 December 2017, and determine their
remuneration.
8.
To
appoint the new auditors for the financial year ended 31
December 2018, and determine their fees.
Agenda of
the Extraordinary Assembly:
The proposed
amendments to the company's Articles of Association have been
approved.
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